Construction to start this year on new 241-unit social housing project in Vancouver
Federal, provincial and city officials have announced a combined total of more than $100 million to fund one of Vancouver’s largest-ever social housing projects.
Deputy Prime Minister Chrystia Freeland joined Attorney General David Eby and Vancouver Mayor Kennedy Stewart July 28 in announcing funding for the 10-storey, 231-unit development slated for the city’s Downtown Eastside.
Ottawa will provide $45.8 million and the province is kicking in $33.6 million, plus the development’s annual operating subsidy, while the city is taking care of the land through a 99-year lease. The Vancouver Chinatown Foundation will contribute $30 million through a community fundraising campaign.
The project includes a nearly 50,000 sq. ft. health centre offering mental health and addiction services, with construction expected to begin this year for completion in 2024.