Vancouver voters approved creation of the seven-year Affordable Housing Fund (AHF) in 2016. This property tax levy is capped at $6 million per year. The revenue is used to buy, build and preserve low-income rental housing and support rental assistance and housing programs that help prevent or address homelessness.
How Was the Revenue Spent in 2020?*
Housing Production: $4,550,000 (248 units)
Housing Preservation: $1,615,000 (76 units)
Homelessness Prevention Programs: $1,500,000 (277 households)
Shelters: $456,412 (66 beds)
*The revenue spent came from taxes collected in 2020 and in previous years.