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Canada supports over 150 new homes for seniors in Vancouver

BC Housing has also provided $2.6 million in pre-development financing towards this project, which has been repaid in full. The Federation of Canadian Municipalities is investing $10 million.

February 24, 2022   by CM Staff

VANCOUVER — The Canadian government has announced its plans to fund $44.5 million towards the redevelopment of two buildings with 157 housing units for low income and moderate income seniors and people with disabilities.

BC Housing has also provided $2.6 million in pre-development financing towards this project, which has been repaid in full. The Federation of Canadian Municipalities is investing $10 million.

Brightside Community Homes Foundation will operate the two new Passive Housing certified buildings.

The project will facilitate seniors’ ability to age in place and will accommodate residents’ accessibility needs by designating 20 per cent of the homes for residents with mobility challenges,

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The project will also take charge of ensuring accessibility of common areas as well as design amenities to facilitate community interaction. Brightside will also offer part-time supports and community programming.

The project is expected to be complete by spring 2024.

This investment by the Government of Canada is made possible by the National Housing Strategy’s (NHS) National Housing Co-investment Fund (NHCF) and through the Green Municipal Fund’s Sustainable Affordable Housing initiative delivered by the Federation of Canadian Municipalities.

“Every Canadian deserves a safe and affordable place to call home. Through the National Housing Co-Investment Fund, our government is investing in affordable housing right here in Vancouver to help improve the quality of life for those who need it most,” said Ahmed Hussen, Minister of Housing and Diversity and Inclusion in a statement.

“More seniors and people with physical disabilities in Vancouver will now have access to affordable homes. This is the National Housing Strategy at work.”