09 Apr Budget-Friendly Housing Complex To Rise
The project consists of 25-unit affordable townhomes spearheaded by the Aboriginal Centre (NAC). It will sit on a property in Bowed Road, close to Pryde Avenue. Director Chris Beaton of NAC said that the project aims to assist residents from rural areas to get acclimatized to an urban setting.
That is home to about 90,000 residents. It is but natural for someone from a different locale to feel some degree of alienation upon relocation to a more populated area with a different culture. There’s going to be some sort of culture shock.
The housing complex is designed to have about 50 bedrooms. This number alone will help fill up an existing void in budget-friendly housing complexes for rent in the area.
Beaton added that the Centre has not undertaken this type of project for so many years now despite the fact that has experienced so much growth through the years. He is glad NAC can help address existing demand.
The budget allocation is a little over $6 million. He estimates that the project will be completed in less than a year. Prospective residents may submit their applications about five months from now.
The Director made it clear that the housing complex is not limited to Aborigines. It is actually open to all residents who wish rent a home at a very reasonable rate.
The cost to rent a unit shall be regulated as it will cater to low-income groups.
The townhomes have two levels and are built to accommodate the elderly, low-income families with very young dependents, and young individuals who are ready to take on an independent lifestyle.
Amenities and common areas such as playing area for kids, garden, and courtyard will also be constructed.
The agent had this to say: “it shows the demand for homes is rising and with markets like the mainland Vancouver softening, this can only continue to benefit and surrounding areas.”