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B.C. receives $7.7 million in affordable housing funds

B.C. receives $7.7 million in affordable housing funds

VANCOUVER — Nearly 500 housing units will be built across B.C. thanks to a $7.74 million investment through the Green Municipal Fund’s (GMF) Sustainable Affordable Housing (SAH) initiative.

The City of Vancouver is receiving $7,081,100 for the Coal Harbour mixed-use passive affordable housing development.

The project at 480 Broughton St. is designed to meet both net-zero energy and Passive House standards. The fully electrical building will also reduce embodied carbon through construction by 40 per cent and emit 94 per cent fewer GHGs than a standard building.

In addition, the application of the LEED Gold standard will improve indoor air quality, reduce water consumption and maximize the building’s overall energy performance.

The 60 units, of which 30 per cent will be affordable, will adjoin an elementary school and child care centre. Construction is underway and is expected to be completed by June 2024.

The Government of Canada also provided supportive funding through the Seed program, which is designed to support costs for completing pre-development activities related to the construction of new affordable housing across Canada.

Funding was also announced for these plans and studies:

  • Soroptimist International of Vancouver – $175,000 for studying a 145-unit new build of energy-efficient affordable housing for women in Vancouver.
  • John Howard Society of Victoria – $148,950 for a 28-unit net-zero energy-ready new build study.
  • Sooke Region Communities Health Network – $175,000 for a collaboration to bring affordability and community together in a 79-unit new build in a small town.
  • Greater Victoria Housing Society – $125,000 for evaluating the deep retrofit of the 75-unit Sitkum Lodge in Victoria.
  • Capital Region Housing Corporation – $25,000 for targeting net-zero energy-ready in a 104-unit affordable housing redevelopment in Saanich.
  • Gabriola Housing Society – $14,480 for the Paisley Place townhouses plan for 24 net-zero energy-ready units in Gabriola Island.

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