Construction has begun on a seven-storey affordable housing complex in Vancouver aimed at individuals and families in need. The project is a partnership between the federal and provincial governments, the City of Vancouver and Lookout Housing and Health Society.

The federal government, through the National Housing Co-Investment Fund (NHCF), is investing nearly $35.9 million for the project. The Government of British Columbia, through BC Housing, is providing approximately $10.3 million from the Building BC: Community Housing Fund and will provide approximately $200,000 in annual operating funding. The City of Vancouver contributed approximately $3 million from the Community Housing Incentive Program (CHIP).

Located at 508 Powell Street, the new building will be operated by Lookout Housing and Health Society and bring 114 new rental units for seniors, Indigenous Peoples, women fleeing domestic violence, newcomers, refugees, working singles, couples and families seeking affordable housing in Vancouver. Amenities planned for the site include full-time health and wellness supports, referrals to local services for tenants and the Powell Street Getaway (PSG) situated on the main floor of the building. The PSG provides food services, health and social programs available to everyone in the community.

“Through our collaboration with partners and providers, we are working to make sure all people in Vancouver and across British Columbia have access to stable housing,” said Wilson Miao, Member of Parliament for Richmond Centre.These types of investments are necessary for healthy and sustainable communities.”

The new affordable housing complex is expected to be complete by summer 2024. More information can be found here: Over 100 new rental homes coming to Vancouver (bchousing.org)