Another housing co-op launches in B.C.
The 15-storey 135-unit building was developed by Concert Properties as part of its 6.4 acre Southeast False Creek site. The Community Land Trust was selected by the City of Vancouver to own and operate the site as a housing co-op.
The new co-op’s focus will be on affordable homes for a mix of families with children, singles and couples. It includes two in-home childcare units, and some units have been designed for complete accessibility. More than half of the co-op’s suites will be affordable to households with annual incomes between $25,000 and $55,000.
“We are thrilled to be partnering with the City and Concert Properties to offer so many affordable homes to families in the Southeast False Creek community,” said Thom Armstrong, executive director of CHF BC and the Community Land Trust. “The community land trust model is an ideal fit with the City’s new Housing Vancouver strategy, and we look forward to our next opportunity to work together.”
This announcement is the latest in several exciting Community Land Trust projects, including the new Fraserview Housing Co-op and the redevelopment of Hoy Creek Housing Co-op in Coquitlam.
“We congratulate CHF BC, the Land Trust and all project partners on this impressive news,” said CHF Canada’s acting executive director, Karla Skoutajan. “This is another inspirational and achievable example of how our members can build the partnerships necessary to develop more co-op homes across the country.”