The market will see the addition of more than 150 new housing units for the elderly
A new $44.5 million federal investment will be supporting the redevelopment of two residential buildings in Vancouver and create 157 new housing units, which will primarily cater to low and moderate-income seniors and people with physical disabilities.
Further supporting this project is BC Housing, which has provided $2.6 million in pre-development financing, and the Federation of Canadian Municipalities, which is investing $10 million.
The housing complexes are located at 1425 and 1451 East 12th Avenue, and will be operated by the Brightside Community Homes Foundation.
“The project will be purpose-built to facilitate seniors’ ability to age in place and will accommodate residents’ accessibility needs by designating 20% of the homes for residents with mobility challenges, as well as accessible common areas and amenities designed to facilitate and enhance community interaction. Brightside will also offer part-time supports and community programming,” said the Canada Mortgage and Housing Corporation.
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“This is an important project for Brightside as the new buildings will support the needs of current and future residents, helping ensure seniors are able to remain in their community and age in place,” said William Azaroff, CEO of the Brightside Community Homes Foundation.
“Passive House certification means a reduced carbon footprint, as well as increased energy savings for residents,” Azaroff added. “With funding in place, we are excited to begin construction and look forward to welcoming residents to their new homes and seeing the community grow.”
The project is scheduled for completion by spring 2024.
