The first residents are moving into a long, long awaited affordable housing project in Delbrook.
Hollyburn Community Housing Society’s Hollybrook apartment will house low-to-moderate-income residents in 86 subsidized one-, two- and three-bedroom units in a four-storey building on what was once the old Delbrook Rec Centre’s parking lot.
“As the housing crisis continues to dominate public discourse and questions around urban density persist, the recent move-ins at Hollybrook offer a welcome sign of progress. Already, we’re seeing the early formation of social ties and a growing sense of stability – key ingredients that will contribute to the long-term vitality and cohesion of the neighbourhood,” said Mark Friesen, executive director of Hollyburn Community Services Society.
Under BC Housing’s formula, 20 per cent of the homes are subsidized to be affordable for residents living on disability or income assistance rates. Half of the units are priced to be no more than 30 per cent of a family’s gross annual income, and the remaining 30 per cent will be offered at rents considered to be at the low end of the market. (continued here)