¥ The Community . = B.C. Central Credit Union is asststing the Foundation with the provistfon of adninistrative and clerical assistance so that it may have full-time and on-going facilities, = The United Church of Canada, the B.C. Federation of Labour and the Carpenters Local 452 have rechannelled funds from De Cosmos Village into a second developzent. - The 12 development fee whitch the restdents ef De Cosmos approved to Initiate a second develooment will be added. The Federal Government Proposed azendments to the N.H.A, Act, BIT) C213 provide real opportunities for non-profit and co-operative developments both in building and in the field of rehabilitation. Speaking on tehaif of the Directors of the Foundation, Shirley Schmid outlined the reasons behind the creation of the Foundation and the need for significant Municipal support. “the cost of a housing lot in the Greater Vancouver area has jumoed $2,009 and in some cases $3,000 in one yar ~ en 18% increase. The average industrial wage earner is already hard put to it to Sind suitable keusing for his femity. Anyone on a limited income is in trouble now - the situation will get worse. [on-profit and co- operatively owned housing are an effective way of putting a Tid on the spiralling costs of at least some of our housing stack, as exemplified by non-profit senior citizens developments, the Abbotsford and De Cosmos Village Co-operatives". + “The housing we build or initiate wil) have to meet the criteria of strict rental control or controlled re-sale price. Such housing will open up and retain within the conunity housing opportunities for those Row caught in the “housing squeeze", “The Foundation has already consulted with Nr. William Casson, Ofrector of the Regional Housing District. Ve are contacting al) Municipalities requesting their assistance to meet the challenge to lover the cost of this housing". "We ask the Municipavities to: - Establish and set aside now, suitable tand for non-profit and co~ Operative developments. - Seriousty consider leasing theland for such developments. ~ Mork with the Foundation instead of forcing direct competition with large developers. - Advise their Planning Departments that this is a priority". Please vefer to cur fite member: Greater Vancouver Regional District 2294 WEST TENTH AVENUE VANCOUVER 9, BRITISH COLUMBIA TELEPHONE 731-1155 1éth Jarmary 1973. Mr. Re A. Freeman, : City Clerk, The Corporation of the City of Port Coquitlam, . 2272 McAllister Avenue, Port Coquitlam, 3.C. Dear Mr. Freeman: re: United Hous: Foundation. The above group is a duly incorporated non-profit organ- ization whose objects are to develop housing for moderate and low income families. They have completed one development of 110 town houses in Champlain Heights in the City of Vancouver. Land was leased for the project from the City at 9% of 806 of market value, It would It should not be considered that they are in competition with the Regional District as 10-15% of units will be made available to low income families. As the Regional District, on behalf of the Province, will shortly be making offers on specific parcels of land in Port Coquitlam, I would be grateful if you would keep me informed of any land which may be made available to U.H.F. in order to avoid any duplication of effort. Yours sincerely, a ys A Jie nk — William E. Casson, Director of Housing.