BC government provides $13 million for 94 new affordable homes in Maple Ridge

Sep 17 2019, 12:38 pm

A new affordable housing building in Metro Vancouver is proceeding with the use of funding from the provincial government.

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Maple Ridge-Pitt Meadows Community Services (MRPMCS), with the support of BC Housing, is building a new six-storey affordable housing building at 22768 119 Avenue in Maple Ridge, near Haney Place Mall.

There will be 94 homes, including 36 studios, 40 one-bedroom units, 13 two-bedroom units, and five three-bedroom units.

With provincial operational funding, 10 of the homes will be rented at the provincial shelter rate of $375 per month, and another 10 will be at rent-geared-to-income. Tenants with household incomes of under $51,500 will pay no more than 30% of their monthly income towards rent.

For other units, the rents will be set at $375 to $1,050 per month for a one-bedroom unit, $1,200 to $1,400 per month for a two-bedroom unit, and $1,400 to $1,600 per month for a three-bedroom unit.

In addition to operational funding, the provincial government is providing $13 million to cover construction costs, plus construction financing, and the municipal government has offered city fee reductions and deferrals.

MRPMCS will also have office space within the building for its social services.

Construction has begun ahead of a planned completion and opening in early 2021.