The first phase of a new affordable housing project for families, seniors, and people with disabilities is getting underway in Vancouver, in a partnership with the Metro Vancouver Housing Corporation.
“When people have safe and affordable housing, they can focus on building the life they want for themselves and their families,” said Selina Robinson, Minister of Municipal Affairs and Housing.
This is the first project to break ground as part of the BC government’s commitment to build 1,700 affordable rental-housing units over the next four years, which it announced in September of 2017.
Located in the heart of the Fairview neighbourhood at 725-799 W. 14th Avenue, the redevelopment will replace 86 aging housing units with 230 new rental homes to provide affordable housing for people with a mix of incomes.
The new building will include a play court, community kitchen, and meeting spaces.
“For decades, Metro Vancouver Housing Corporation has provided high-quality, affordable rental housing in the region,” said Greg Moore, chair, Metro Vancouver. “Today, our 49 affordable-housing sites serve more than 9,400 residents, and we are constantly improving and expanding our portfolio.”
Phase 1 will include 67 homes of varying sizes, from studios to three-bedroom homes. 30 of these homes will have rent geared to income with a projected range of approximately $380 to $1,100 per month.
The remaining will be low-end market rentals, with rents projected to start at approximately $1,500 per month.
“This new project creates more than 200 urgently needed affordable homes in Fairview for people on low and modest incomes,” said Vancouver Mayor Gregor Robertson. “This is the type of housing supply Vancouver needs – rental homes for people who live and work locally.”
This phase of the project is expected to be complete by winter 2019.