BCBusiness

October 2016 Entrepreneur of the Year

With a mission to inform, empower, celebrate and advocate for British Columbia's current and aspiring business leaders, BCBusiness go behind the headlines and bring readers face to face with the key issues and people driving business in B.C.

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OctOber 2016 BCBusiness 73 public land ideally suited for affordable housing is being sold off at record rates. as british columbians struggle to cope with the highest housing costs in the nation, is it time for governments to rethink their cash-grab strategy? ■ ■ b y K e r r y G o l d The GreaT Canadian Fire sale i ngrid Steenhuisen was an infant when she and her family moved into their 750-square- foot unit at Vancouver's Little Mountain—also known as "the projects." But Steenhuisen didn't think of her home as low-income housing that would, over the decades, earn a reputation as the rundown and ugly-looking complex o‚ Main Street, at 155 East 37th Avenue. Little Mountain—one of Canada's oldest social housing projects—was a joint e‚ort by the three levels of government that opened in 1954. Operated by the Canada Mortgage and Housing Corporation ( CMHC), the 37 buildings and 224 multifamily housing units were "lled with kids just like Steenhuisen—playing in the grassy oasis that was the big lawn surrounded by their apartment buildings, hidden away from passersby. They had it good, their community of nearly 700 people, even though they were, to outsid- ers, considered poor kids.

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