•Homeless - The City should support the experts, such as Sources, to take the lead on homeless and transitional support. In addition,, there are 22 properties / organizations that are permitted to not pay property taxes. Most are places of worship, which are trying to make the world a better place. These organizations get about $100,000 in waived taxes, so should be expected to lead directly or work with a Sources type organization to help the homeless with their heated, comfortable facilities, as need arises.
• Rental housing stock - Developers following the OCP for new multi-story housing, should be required to include 10% of the units as affordable rental stock.
How would it work? The City issues building permits based on a buld cost of about $200 per square foot. So, for example, a 650 ft2 apt would cost $130,000. The builder would receive the rent, based on a set return, say 8%. This would mean that the apt would rent for $866 per month . The City could waive taxes or fees on the units as their contribution to affordable housing. The builder gets a good ROI, and apt is affordable by local standards. Renters would have to be employed in White Rock, much like the Whistler Worker program. This could also work for Commercial redevelopments, so that restaurants & shops will not all be forced out due to high rents,