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Vancouver pays entire cost of modular housing for homeless

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Vancouver pays entire cost of modular housing for homeless

The city administration of Vancouver, the capital of Canada, intends to cover the full cost of building, operating and subsidizing rent of modular housing designed to accommodate homeless people, Metro News reports on Thursday.

A new model of modular housing implies construction of a temporary, quick-to-build apartment building.

Vancouver city administration planned to allocate $3.5 million to build the three-storey modular structure. Now, more spending is expected, involving payment for a rent subsidy totalling $222,000, for the purpose to bridge the gap between the income assistance shelter rate of $375 and the break-even rent rate of $850.

The construction will be managed by the city’s housing agency at a cost of $285,000 a year.

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