http://dailyhive.com/vancouver/co-he...rive-vancouver
This is a 26 unit affordable rental housing project along Commercial Drive in East Van. 18 studio Units are for homeless or those at risk for homelessness and 8 (4-1 bed 4-2 bed) for low-moderate income. It will be managed by the not-for-profit Salsbury Community Society.
The land valued at $2.68 million was donated. $4.8 million was donated from private fundraising, $3.5 million from fed & provincial, $500,000 from City of Van, and $520,000 from another foundation. In total donations are $12 million working out to $461,538 a unit.
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