Print This PageThe Single Room Occupancy (SRO) hotels were purchased
to preserve this important stock of affordable housing for
low-income people who are risk of homelessness. Many SROs in
downtown Vancouver were sold in 2006 and 2007, with the potential
for use as more expensive forms of housing. The provincial purchase
of these SROs means this stock of affordable housing will remain
available to those in need, removing the option of private sector
acquisition for conversion or closure.
The City of Vancouver has identified preserving the existing SRO
stock as an important priority in addressing homelessness. The
province is acting with the city to help preserve this stock while
we plan and build new affordable housing units.
The purchase also provides the opportunity to repair and renovate
these rooms to bring them up to an acceptable standard so people
feel more safe and secure. In the long term, there will
be opportunities to provide support services for the tenants.
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Why did the Province purchase the SROs? |
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