Get ready for the Burnaby Housing Authority, which plans to acquire land and build housing – particularly in neighbourhoods which currently lack non-market housing.
The City of Burnaby is launching a plan to build its own “one-stop shop” to develop housing – and the city wants to launch it by year’s end.
The housing authority would have four main functions: acquiring land , developing housing, operating non-market housing, and administration of its housing portfolio. Dedicated BHA staff would oversee the design, approvals and construction of the housing and partner with developers. The city requires “significant financial and non-financial resources” to create and operate the BHA, including costs for start-up and operation, land acquisition, capital development and housing operations.
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