VANCOUVER, BC, Feb. 23, 2022 /CNW/ – Everyone in Canada deserves a safe and affordable place to call home. The COVID-19 pandemic has made it clear that affordable housing is key to Canada’s recovery, including in communities such as Vancouver.
Government of Canada logo (CNW Group/Canada Mortgage and Housing Corporation)
Government of Canada logo (CNW Group/Canada Mortgage and Housing Corporation)
Today, the Honourable Ahmed Hussen, Minister of Housing and Diversity and Inclusion, alongside the Honourable Carla Qualtrough, Minister of Employment, Workforce Development and Disability Inclusion, the Honourable Hedy Fry, Member of Parliament for Vancouver Centre, Melanie Mark, MLA for Vancouver-Mount Pleasant, Garth Frizzell, past president of the Federation of Canadian Municipalities, and William Azaroff, Brightside Community Homes Foundation, announced a federal investment of $44.5 million dollars to redevelop two buildings to create 157 units of housing, primarily intended for low and moderate-income seniors and people with physical disabilities.
BC Housing has also provided $2.6 million in pre-development financing towards this project, which has been repaid in full. The Federation of Canadian Municipalities is investing $10 million.
Located at 1425 and 1451 East 12th Avenue, the two new Passive Housing certified buildings will be operated by Brightside Community Homes Foundation. The project will be purpose-built to facilitate seniors’ ability to age in place and will accommodate residents’ accessibility needs by designating 20% of the homes for residents with mobility challenges, as well as accessible common areas and amenities designed to facilitate and enhance community interaction. Brightside will also offer part-time supports and community programming.
The project is expected to be complete by spring 2024.
This investment by the Government of Canada is made possible by the National Housing Strategy’s (NHS) National Housing Co-investment Fund (NHCF) and through the Green Municipal Fund’s Sustainable Affordable Housing initiative delivered by the Federation of Canadian Municipalities.
Source: newswire.ca
Friday, April 24, 2026
