WEBVTT Kind: captions Language: en 00:00:00.500 --> 00:00:03.050 align:start position:0% homelessness<00:00:01.500> and<00:00:02.100> the<00:00:02.220> need<00:00:02.399> for<00:00:02.639> affordable 00:00:03.050 --> 00:00:03.060 align:start position:0% homelessness and the need for affordable 00:00:03.060 --> 00:00:05.570 align:start position:0% homelessness and the need for affordable homes<00:00:03.419> are<00:00:04.259> growing<00:00:04.680> challenges<00:00:05.220> in 00:00:05.570 --> 00:00:05.580 align:start position:0% homes are growing challenges in 00:00:05.580 --> 00:00:07.730 align:start position:0% homes are growing challenges in Vancouver 00:00:07.730 --> 00:00:07.740 align:start position:0% Vancouver 00:00:07.740 --> 00:00:10.790 align:start position:0% Vancouver proposition<00:00:08.580> 3<00:00:09.000> would<00:00:09.540> replace<00:00:09.840> Vancouver's 00:00:10.790 --> 00:00:10.800 align:start position:0% proposition 3 would replace Vancouver's 00:00:10.800 --> 00:00:15.430 align:start position:0% proposition 3 would replace Vancouver's existing<00:00:11.340> affordable<00:00:11.880> housing<00:00:12.420> fund<00:00:12.780> Levy 00:00:15.430 --> 00:00:15.440 align:start position:0% 00:00:15.440 --> 00:00:18.349 align:start position:0% this<00:00:16.440> property<00:00:16.800> tax<00:00:17.039> would<00:00:17.400> dedicate<00:00:17.880> funding 00:00:18.349 --> 00:00:18.359 align:start position:0% this property tax would dedicate funding 00:00:18.359 --> 00:00:20.990 align:start position:0% this property tax would dedicate funding to<00:00:19.020> address<00:00:19.140> homelessness<00:00:20.039> and<00:00:20.640> to<00:00:20.880> build 00:00:20.990 --> 00:00:21.000 align:start position:0% to address homelessness and to build 00:00:21.000 --> 00:00:23.390 align:start position:0% to address homelessness and to build affordable<00:00:21.539> housing<00:00:22.080> at<00:00:22.439> increased<00:00:22.920> levels 00:00:23.390 --> 00:00:23.400 align:start position:0% affordable housing at increased levels 00:00:23.400 --> 00:00:26.929 align:start position:0% affordable housing at increased levels starting<00:00:23.939> in<00:00:24.420> 2024<00:00:25.279> the<00:00:26.279> owner<00:00:26.519> of<00:00:26.640> a<00:00:26.820> home 00:00:26.929 --> 00:00:26.939 align:start position:0% starting in 2024 the owner of a home 00:00:26.939 --> 00:00:29.089 align:start position:0% starting in 2024 the owner of a home valued<00:00:27.480> at<00:00:27.660> five<00:00:27.960> hundred<00:00:28.260> thousand<00:00:28.740> dollars 00:00:29.089 --> 00:00:29.099 align:start position:0% valued at five hundred thousand dollars 00:00:29.099 --> 00:00:31.310 align:start position:0% valued at five hundred thousand dollars would<00:00:29.640> pay<00:00:29.820> about<00:00:30.060> a<00:00:30.599> hundred<00:00:31.019> and<00:00:31.080> fifty 00:00:31.310 --> 00:00:31.320 align:start position:0% would pay about a hundred and fifty 00:00:31.320 --> 00:00:33.350 align:start position:0% would pay about a hundred and fifty dollars<00:00:31.619> a<00:00:31.800> year<00:00:31.980> that's<00:00:32.700> a<00:00:32.940> sixty<00:00:33.239> dollar 00:00:33.350 --> 00:00:33.360 align:start position:0% dollars a year that's a sixty dollar 00:00:33.360 --> 00:00:36.110 align:start position:0% dollars a year that's a sixty dollar increase<00:00:33.780> from<00:00:34.260> the<00:00:34.500> previous<00:00:34.620> Levy 00:00:36.110 --> 00:00:36.120 align:start position:0% increase from the previous Levy 00:00:36.120 --> 00:00:37.380 align:start position:0% increase from the previous Levy foreign 00:00:37.380 --> 00:00:37.390 align:start position:0% foreign 00:00:37.390 --> 00:00:44.290 align:start position:0% foreign [Music] 00:00:44.290 --> 00:00:44.300 align:start position:0% 00:00:44.300 --> 00:00:47.400 align:start position:0% prop<00:00:45.300> 3. 00:00:47.400 --> 00:00:47.410 align:start position:0% prop 3. 00:00:47.410 --> 00:00:50.550 align:start position:0% prop 3. [Music]