We are writing to bring to your attention the serious financial difficulty of TransLink funding for public transit due to Covid 19. Since the novel coronavirus pandemic in mid-March, TransLink ridership in Metro Vancouver has gone down 80%, resulting in a $2.5 million revenue shortfall per day or a staggering $75 million revenue shortfall per month. Not only that, special measures have been in place in order to implement physical distancing rules as directed by public health officers: rear-door boarding, limited seating capacity and increases in cleaning and sanitizing requirements. The scheduled fare increase on July 1 has been suspended, due to the economic crisis caused by the pandemic.
TransLink plays a vital role in ensuring the 75,000 essential workers in our region, such as nurses, hospital workers, and grocery workers, get to work by public transit every day during Covid19. Without an immediate injection of funding from the federal government, TransLink may face insolvency as early as June. The revenue shortfall will also impact the HandyDART accessible transportation service.
City TV: Concerns raised about rising cost of rentals for low-income earners: Vancouver MP
A Vancouver NDP MP is sounding the alarm when it comes to rent-geared-to-income housing units, saying incoming changes by the federal government will lead to a severe shortage within the affordable housing market in this country.
Vancouver East MP Jenny Kwan says she’s learned that as of March 31, 2028, Ottawa will be cutting subsidy funding to non-profits that operate buildings that include units for those on a fixed income. Once those suites are vacated, she says the price of those units will be bumped to market rates.
For example, a rental suite that’s going for $650 right now could be increased to $1,800 or more.
Kwan adds these changes are happening right now at some buildings in Metro Vancouver as non-profits try to bank money to prepare for their funding to be slashed in the future.
