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Council approves $1 sale of Parcel 3 to support 95-unit affordable housing project
Summary
The council approved sale of Parcel 3 (corner of City Hall parking lot) to an affordable housing developer; the project is expected to deliver 95 units with 17 units at 50% area median income and the remainder at 60% AMI. Councilor Harless abstained due to a stated employer conflict.
The Vancouver City Council voted April 14 to sell Parcel 3 (the far corner of the City Hall parking lot) to a developer planning an affordable housing project that staff said will include 95 units.
City staff explained the parcel had been planned for conveyance in support of an affordable housing development and said the original holder (Lincoln) had notified the city it planned to transfer rights to Naya; the city will sell the property to…
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