The Heather Place Redevelopment Project will replace 86 aging housing units with 230 new rentals. The units will be designed to suit a range of families, couples, singles, and seniors with a mix of incomes. Partnering with BC Housing, “Building A” opened July 2020 and includes 67 homes of varying sizes, from studios to 3-bedroom, and wheelchair accessible units.
[Narrator] Proud day for Metro Vancouver. The phase one opening of the redeveloped Heather Place housing site. Located in Vancouver’s Fairview area, the original Heather place homes dated back to 1983.
[Heather McNell, General Manager, Housing Services, Metro Vancouver] We see that there is about a 5,400 unit shortage every year in this region for rental housing and 80% of that need is for very low- to moderate-income households. This was a site that, a number of years ago, was in need of significant investment and the decision was made to redevelop the site.
[Narrator] Redevelopment construction began in spring 2018 with funding coming partly from a partnership with the provincial government.
[Heather McNell] Partnerships have been really critical for this project. The project costs just over $28 million and the province provided $6.7 million of that through their housing innovation programme. And then they also provided $13.3 million in low-cost construction financing, which was critical to us being able to deliver the project.
[Narrator] This first phase of redevelopment is providing tenants with 67 affordable new homes in a range of sizes.
[Heather McNell] Almost half of the suites here are at rent geared to income and so they’re geared towards that lower income bracket and the other half is at low end of market rents. We have a play area, we’ve got a community garden, and small orchard. We’ve got a community kitchen and some environmental features, as well.
[Narrator] This is just one part of Metro Vancouver’s ten-year plan to improve and expand its 49 site housing portfolio.
[Heather McNell] That plan also commits about $190 million over 10 years for us to reinvest in our existing stock, to redevelop them, and also to build new housing, as well.
[Sav Dhaliwal, Board Chair, Metro Vancouver] Building communities can’t be just left to one order of government, but to make rent affordable. It just something that can only be done when we all work together.
Learn more about the Heather Place Redevelopment.