The provincial government has announced that 125 affordable units will be built in Burnaby.
In a release, the province says the 14-storey apartment will be located at 6585 Sussex Avenue in the city’s Metrotown area.
The units will accommodate low-and-moderate income families. A total of 23 units will accessible for people with disabilities.
“After years of housing affordability being ignored by the previous government, we have put the focus back on people and building the right types of homes around the province,” said Selina Robinson, Minister of Municipal Affairs and Housing, in a statement.
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“Working with partners in governments, non-profit and the development sector, we’re delivering results by building affordable homes for people in our province, including single people, working families, seniors and people with disabilities.”
The City of Burnaby will be contributing $7 million towards the affordable housing project. The New Vista Society — an experienced affordable housing provider — will manage the building.
Rental rates for the affordable units are projected to be:
- $886/month — Studio
- $1,336/month — One Bedroom
- $2,132/month — Two Bedroom
- $2,503/month — Three Bedroom
The apartment is also part of a larger redevelopment with 324 units of market housing developed by Thind Properties Ltd.
“These affordable rental housing units make it possible for more Burnaby residents to live, work, learn and play here. Our city is healthier and stronger when it includes people from all income levels, ages and backgrounds,” said Burnaby Mayor Mike Hurley.
The provincial government has committed to build 14,000 affordable market rental, non-profit, supported social housing, and owner-purchase housing across the province.
Excavation and site prep for the building began in February 2019.