no condos

If you have been reading the newspapers the last week you will have heard about the City’s Local Area Plan (LAP) for the Downtown Eastside area.

At the forefront is the “60/40” rental-only policy for the DTES Oppenheimer District (DEOD), which the Courier is calling “the most controversial piece of the plan.” While the city is proposing mostly condos for the rest of the Downtown Eastside and Chinatown, this Oppenheimer rent-only plan is inspiring a heated debate.

The 60/40 clause stipulates that all future rezonings in the Downtown Eastside Oppenheimer District (DEOD) must have a 60 to 40 ratio of “social housing” to “market rental.” Developers are opposing the clause, arguing that it will hinder further market development in the area. The Carnegie Community Action Project has raised strong criticism of the overall LAP but agrees that the clause is the “only concrete and definitive measure in the LAP that addresses [community] concerns.”

While there has been an intense debate about the topic, few articles have explored the meaning and the consequences of the 60/40 commitment. What exactly is the 60/40 proposal? What does social housing mean in this context? What will be the range of rents? Will it actually hinder market development?

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Vancouver’s civic right wing, long hidden in the shadow cast by the Vision Vancouver goliath, is emerging cloaked in outrage against one part of a Local Area Plan for the Downtown Eastside (DTES). Not that they have much to complain about. Except for one section, the DTES Local Area Plan continues Vision’s trajectory of performing government interventions in the capitalist market only on behalf of capital. The rightists expect City Hall’s plan to continue Vision’s so far unqualified support for the free market; they feel entitled to this support. Their entitlement has them outraged by the exceptional clause of the plan that offers one lonesome anchor to the low-income community against the real estate speculator market push: the “60/40” social-and-rental-housing-only development plan for the DTES Oppenheimer District (DEOD). If Vision Vancouver votes to support the so-called 60/40 development plan, this will plan the DEOD as the one remaining majority low-income section of the DTES; it will be their first intervention in the real estate market against developer and corporate demands for perpetual, state-unregulated growth and wealth accumulation.

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Social Housing Alliance holds a Vigil outside a Vision Vancouver fundraiser to mourn the loss of social and affordable housing in Vancouver, February 28th, 2014.

The definition of social housing has been the focus of the low-income caucus currently participating in the Downtown Eastside Local Area Planning Process (LAP). While a definition of social housing seems simple, it will actually play a crucial role in debates over the DTES Local Area Plan (LAP) in the coming weeks.

This week – on March 12th – Vancouver city staff will present a final draft of the LAP for the Downtown Eastside to city council. The Vision-led City Council will be using this opportunity to strike the definition of low cost housing and social housing in the City’s bylaws, and replace both with a new definition of social housing.

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For $25,000 you could have attended a private roundtable lunch meeting today with Vision Vancouver Mayor Gregor Robertson. Organized by real estate marketer Bob Rennie, it’s the most recent, and perhaps most tasteless, case of the real estate industry filling Vision’s coffers.

Bob Rennie is the most prominent condominium marketer in British Columbia. His following of real estate agents, brokers and, more importantly, developers, has earned him the moniker condo king.

The biggest players in real-estate keep him as close as possible, ensuring they’ll have the ear of BC’s most powerful politicians. Peter Wall of Wall Financial Corp, for example, maintains access to Rennie by paying him $25,000 a month as a consultant.