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affordable housing

Burnaby affordable housing project breaks ground

Monday, August 12, 2024

Construction has started on 161 new affordable homes and 74 child care spaces in Burnaby.

The six-storey building at 3838 Hastings St. will feature a mix of studio, one-, two- and three-bedroom homes on floors two through six. Nine of the homes will be fully accessible and 84 will be adaptable. The SUCCESS Affordable Housing Society will operate the building. The child care centre on the ground floor will be operated by the YMCA of Greater Vancouver.

“Providing affordable housing is now a growing part of our work at SUCCESS. We are grateful for the partnership with the provincial government and City of Burnaby to make this project possible,” said Queenie Choo, the CEO of SUCCESS Affordable Housing Society

In addition to housing and child care, the building will have commercial space on the ground floor, 139 parking spots and 224 bicycle spaces. Construction is expected to be complete in 2026.

“This project represents a significant step forward for our community as it addresses two of the most-urgent needs in Burnaby – affordable housing and more child care spaces. By providing land for projects like this and working with our partners at the provincial level, we’re taking a bold approach to addressing the affordability crisis in our community,” said Mike Hurley, mayor of Burnaby.

The provincial government is providing SUCCESS with $28 million in non-repayable funding for the social housing component, including $11 million for a cost pressure grant to help cover inflationary construction prices. The childcare component also separately received nearly $7 million in provincial funding.

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