Quote:
Originally Posted by osirisboy
What kind of non market units are these going to be? I.e. Shelter or something like what is in the Olympic village? I looked through the link and couldn't find it.
|
Looking at the unit mix, there are a large number of micro units and studios, with fewer 1-bed, and 54 2-bed. 18 units are wheelchair accessible. It's being developed by The Chinatown Foundation working with Vancouver Affordable Housing Agency. Given the location and the need in that area it seems likely that it'll be a mix of low-income tenants, including some families. It will be managed by a third-party housing operator.
In October last year it was reported that the $30 million that the foundation plans to contribute would allow 125 units to be rented out at subsidized rates. Now that there are federal funds available for social housing, it's possible that more could be subsidized.