September 8, 2016 | Lisa Johnson
Quoted from the article
B.C. NDP housing critic David Eby said the proposal makes sense.
“If you can borrow the money to build the residence, and the rents from the students … pay for all the supports that are needed and cover the cost of borrowing, why wouldn’t the government allow the universities and colleges to do this?”
With the exception of the University of B.C., it’s been 10 years since new on-campus housing has been built in the province, McGowan said.
UBC is in a special category, he said, because of the size of its endowment.
“A place like UBC, where they have a billion-dollar endowment, they found a way to sort of borrow from themselves and make that happen,” he said. “Most universities have no avenue to pursue student housing even if they would really really like to.”
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