Property manager says government support needed for private owners committed to low income tenants
The Murray Hotel has passed a City of Vancouver inspection over violations which included dismantled fire alarms, graffiti in bathrooms and clutter in rooms.
But the building's property managers say more government support is needed for private owners to maintain low rents and old buildings.
"We absolutely need to be thinking about the government assisting better in these supportive housing and low income properties," said Adam Glover, a director of operations for Atira Property Management.
Hot water restored
The Murray Hotel is owned by real estate developer Kenstone Properties. But Glover notes that the building does not receive any form of operating subsidies, operating instead on the revenues it generates from tenants.
He said the 87-suite building has a handful of double occupancy rooms which fetch $800 a month, but the average rent for the rest of the single room occupancy suites is $447.
bit.ly/2EevZrJ via @CBCNews
