Carnegie Community Action Project statement against Sequel 138

Declaration from Carnegie Community Action Project

CCAP is research project of CCCA, also has about 30 volunteers who live is SROs, are homeless and live in social housing.

There are 2 huge problems with Sequel.  First, it further gentrifies the 100 Block which is the home of over 500 low income residents.  We have seen the ripple effects of gentrification with Woodwards.  Property values go up, SRO rents go up and low income people are displaced, low income services and stores are pushed out and replaced by stores with $100 t shirts and thousand dollar chairs.  Sequel, with its 79 condos, and fancy lane connecting with gentrified Chinatown, will help transform the 100 Block into an area exclusion for its current residents.

Secondly, Sequel is in the DEOD. The DEOD has no condo developments yet because it is protected with a requirement for 20% social housing in new developments.  The city’s Housing Plan says that the DEOD should be the place for more than 2000 units of self contained social housing for low income people.  The Housing Plan also says if market housing “is attractive despite having to incorporate a 20% social housing component, it is unlikely that 1 for 1 replacement of the existing 2000 SRO units will be possible…” Sequel is the first example of market condos being financially “attractive” in the DEOD.  If Sequel can make a profit in the DEOD, then other condo developers will move in, gentrification will take over the heart of the DTES low income community and low income people will be pushed out by high rents, SRO closures, SRO renovictions, and land that will become too expensive to buy for new self contained social housing.

If the city is serious about keeping its promises of “no displacement” and 1 for 1 replacement of SROs with self contained social housing for low income residents, it must stop Sequel.

 

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2 responses to “Carnegie Community Action Project statement against Sequel 138

  1. Pingback: Downtown Eastside residents sound the DISPLACEMENT alarm | The DTES is not for Condo Developers

  2. Pingback: Downtown Eastside residents sound the DISPLACEMENT alarm | The Mainlander

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