Burnaby Now November 24 2017

Page 1

CITY 3

ARTS 11

Plan for Sears site revealed

Nutcracker returns to stage

SPORTS 52

Moscrop reclaims momentum

PROFILES OF EXCELLENCE Burnaby

FRIDAY, NOVEMBER 24, 2017

There’s more at Burnabynow.com

LOCAL NEWS – LOCAL MATTERS

STARTS ON PAGE 21

PORTRAIT OF THE ARTIST:

Hanieh Khakbiz and Maneli Sam, 6, were among the local families who dropped in to Burnaby Art Gallery on Nov. 19 for an In the BAG Family Sunday program. Visitors had a chance to check out the new exhibition of work by Sylvia Tait, then get into the studio to create their own colourful collages. The exhibition, the final show in the Burnaby Art Gallery’s 50th anniversary year, is underway at the gallery until Jan. 7. Burnaby Art Gallery is at 6344 Deer Lake Ave. See www. burnabyartgallery. ca for more details. Check out page 5 of this edition and www. burnabynow.com for more photos of the Sunday fun. PHOTO LISA KING

Feds’ housing strategy ‘fabulous news’ Liberals’ $40-billion plan will protect tenants in co-ops with agreements about to expire By Tereza Verenca

tverenca@burnabynow.com

Co-op residents across Canada are breathing a sigh of relief after the unveiling of the Liberals’ $40-billion national housing strategy on Wednesday.

The decade-long plan includes a $500-million federal community housing initiative, which will protect tenants in coops whose operating agreements were set to expire soon. New operating agreements will be put in place, allowing the continuation of subsidized rents for low-income residents. “It’s absolutely fabulous news,” said Thom Armstrong, executive director at the Co-operative Housing Federation of B.C. “We’re so grateful that so many of

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our members will no longer have to worry about whether their homes will be affordable. It means we can now focus our energies on the long-term agenda, which really is increasing the supply of affordable housing.” The federal government has committed $15.9 billion to a national housing co-investment fund, money that will create up to 60,000 new units of housing (including co-ops) and repair up to 240,000 existing units. It’s to be a partnership between prov-

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inces, territories, municipalities, non-profits, co-operatives and the private sector. The fund will consist of $4.7 billion in financial contributions and $11.2 billion in low-interest loans. In turn, recipients need to rent 30 per cent of their units for less than 80 per cent of median market rents for at least 20 years. Twenty per cent of units must meet accessibility standards, and there must be at least a 25 per cent reduction in energy Continued on page 8

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