A three-way partnership will create around 160 affordable homes and 80 shelter spaces in downtown Vancouver.
The Government of British Columbia together with the City of Vancouver and Vancouver Aboriginal Friendship Centre Society (VAFCS) will collaborate on the proposed mixed-use development at 1015 East Hastings St.
The site has been selected for its proximity to existing transit and amenities. It is owned by the city.
Along with housing, the proposed development will include commercial space that will be operated by VAFCS.
“This project is designed to make a positive contribution to the community,” said Susan Tatoosh, executive director, VAFCS. “It will help people gain the skills they need to transition to independent living, celebrate the area’s rich and vibrant Indigenous history, and create a space where neighbours can connect to each other and people from all cultural backgrounds.”
Once rezoned, the development will be owned by BC Housing with VAFCS operating the shelter and supportive housing. An operator for the affordable housing is being sought by BC Housing in collaboration with the Aboriginal Housing Management Association
Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate