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Metro Vancouver and B.C. developing thousands of affordable homes in new partnership

DCN-JOC News Services
Metro Vancouver and B.C. developing thousands of affordable homes in new partnership

VICTORIA — Metro Vancouver and the Government of British Columbia have partnered to deliver roughly 2,000 new affordable homes over the next 10 years.

针对高两个实体已经签署了一项谅解备忘录-priority sites as established by Metro Vancouver, according to a news release.

The first phase of the project will develop housing at 788 West 13thAve., Vancouver, 7730-6thSt., Burnaby, 7388 Southwynde Ave., Burnaby, 19085-119B Ave., Pitt Meadows and 1144 Inlet St., Coquitlam.

Through the first phase, some 660 new homes will be delivered in five years, states the release. The province has invested $158 million over the next three years in the developments.

Metro Van has contributed land and cash equity valued at more than $217 million over 10 years while trying to acquire federal funding.

The province is also contributing $7.9 million to Salal Landing, a five-storey building for families, seniors and people living with disabilities in Port Coquitlam. The site will be owned and operated by Metro Vancouver with construction expected to start spring 2024.

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