City Council Approves New Flexibility for West End Developments, Opening Doors to More Efficient and Innovative Social Housing Solutions
Vancouver, BC (November 6, 2024) – Brivia Group is pleased to announce significant progress following Vancouver City Council’s recent approval of amendments to the Social Housing policy within the West End Community Plan. The council’s decision to change the Social Housing requirement and introduce a Cash-In-Lieu (CIL) program signals a more flexible and progressive approach to tackling the city’s housing challenges.
The CIL program offers the city a more optimised way to address housing demands by enabling funds to be directed toward more cost-effective, lower-rise developments. This approach maximises resources, delivering a greater number of units than would typically be feasible with high-rise luxury towers. By focusing on projects that better align with community needs, Vancouver can build more adaptable, affordable housing.
“The Cash-In-Lieu program gives us an innovative approach towards how social housing can be built more effectively and efficiently to meet the market demand in Vancouver,” said Guido Caso, Vice-President of Sales and Marketing at Brivia Group. “By allowing the city to allocate funds more strategically, we can not only meet social housing targets but also ensure developments serve the long-term needs of our community. This kind of innovative approach will help us create a more diverse neighbourhood.”
These policy updates align with the West End Community Plan, which governs development in this key area of Vancouver. Coupled with the sales momentum Brivia has built over the past 18 months, these developments bring the company closer to delivering CURV, one of the world’s most iconic high-rise projects, further solidifying Brivia’s leadership in creating housing solutions that balance market demand with community priorities.
As Brivia moves forward under this new framework, the company remains committed to transparency and clear communication. Brivia emphasises its intention to leverage the CIL program as part of its development strategy for CURV while ensuring compliance with city regulations.
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About Brivia Group
Brivia Group is a forward-thinking real estate investment and development company with a strong track record of delivering innovative residential, commercial, and mixed-use projects. Since its founding in 2000, Brivia has built a reputation for visionary projects that combine quality, sustainability, and community impact. With a focus on shaping vibrant urban spaces, Brivia continues to lead the way in creating exceptional living environments across Canada, including their flagship developments in Vancouver, Montreal, Quebec City and beyond.