New 11-storey mixed-use building will offer more than 100 low-cost and supportive units
A new 112-unit mixed-use development aimed at Indigenous Peoples’ needs is currently under development in Vancouver’s Downtown Eastside neighbourhood, located on consolidated land in 52, 62, and 92 East Hastings Street.
The 11-storey project, which will be owned by Aboriginal Land Trust, will be funded with $10.7 million from the federal government, including $8.4 million through the National Housing Co-Investment Fund and $2.3 million through the Indigenous Homes Innovation Initiative.
The British Columbian government is also providing a $25.7 million grant and annual operating funding of about $2.1 million, while the Vancouver city government is providing approximately $9.3 million, including approximately $6.2 million in grant funding and $3.1 million in development waivers.
The development will offer eight floors of housing and three non-residential floors, for a total of 59 affordable rental and 53 supportive homes. Of these, 21 homes will offer accessible design features for people living with physical disabilities.
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“Non-residential space on the first three floors will include offices for Indigenous organizations and a healing centre operated by Vancouver Aboriginal Health Society,” according to Canada Mortgage and Housing Corporation.
“Residents who had been living at the Shaldon Hotel, formerly located at 52 East Hastings Street, will be given first opportunity to live in the new supportive homes when the building is complete, with monthly rents set at the provincial shelter rate,” CMHC added.
Development of the complex is slated for completion by late 2024.
