Construction Begins on Women’s Affordable Housing Project
Construction has begun on a new 135-unit women’s affordable housing project on Vancouver’s west side.
The project’s partners include the federal government, through the Canada Mortgage and Housing Corporation; the B.C. government, the city City and Soroptimist International of Vancouver. Local firm Purpose Driven Development has provided development support and was assigned by women-led Soroptimist to lead the project.
“These homes are not just bricks and mortar, but a symbol of hope and empowerment for women who need a safe and affordable place to call home,” said federal Housing Minister Sean Fraser in a news release.
Ottawa provided $9.94 million through the National Housing Co-Investment Fund, while the B.C. government invested approximately $64.6 million through BC Housing, including about $14.1 million via the Building BC: Community Housing Fund and approximately $50.5 million in financing.
The city supplied $6 million through its Community Housing Investment program; and, the Federation of Canadian Municipalities’ Green Municipal Fund, endowed by the federal government, has provided a $175,000 grant a study on the construction of the energy-efficient affordable housing units.
Monte Stewart serves as Content Director - Canada for Connect Commercial Real Estate.
Based in Vancouver, British Columbia, Monte provides daily news coverage of major Canadian commercial real estate markets, including Vancouver, Toronto, Montreal and Calgary. He has written about the real estate sector for various media outlets and Avison Young since the early 2000s.
In addition, he has covered sports, general news and business for several leading wire services and publications, including The Canadian Press, The Associated Press, The Calgary Herald, The Globe and Mail, Research Money, The Daily Oil Bulletin, Natural Gas World and The Toronto Star.
Monte is active in his community as a youth basketball coach and raises funds for such charitable causes as Movember.