PORT COQUITLAM – The Province, through BC Housing, and Metro Vancouver, through the Metro Vancouver Housing Corporation, are working collaboratively to build new affordable housing for people in the Metro Vancouver region.
“Through our new Homes for People action plan, our government has signalled that we are committed to working with local governments to address the urgent need for housing in our province and deliver the homes people need, faster,” said Ravi Kahlon, Minister of Housing. “The new units created through this partnership with Metro Vancouver will help create more affordable, sustainable and safer communities. We will continue to work with our partners to build safe and affordable housing that enables people thrive.”
Metro Vancouver has a history of partnering with the Province to build much-needed housing. The Province, through the Building BC: Community Housing Fund, is providing $7.9 million toward Salal Landing, a five-storey building for families, seniors and people living with disabilities in Port Coquitlam with low to moderate incomes. Located at 2481 Welcher Ave., the building will have 63 units with a mix of studio, one-, two- and three-bedroom homes. All homes will be accessible or meet universal design standards to support people living with disabilities, which will help seniors to age in place.
BC Housing and Metro Vancouver have signed a memorandum of understanding (MOU) that will result in the construction of approximately 2,000 affordable homes over the next 10 years at priority sites identified by Metro Vancouver. The first phase includes the following sites:
* 788 West 13th Ave., Vancouver
* 7730-6th St, Burnaby
* 7388 Southwynde Ave., Burnaby
* 19085-119B Ave., Pitt Meadows
* 1144 Inlet St., Coquitlam
The first phase of projects will provide approximately 660 new homes at five sites, supported with a provincial investment of $158 million over the next three years. Subsequent funding will be announced for the additional sites at a later date. Metro Vancouver is contributing land and cash equity valued at more than $217 million over the 10 years, and is working to leverage federal funding support.
