New housing co-op opens in Vancouver’s Southeast False Creek community.
Vancouver, BC (February 2, 2018) – CHF BC and the Community Land Trust are proud to announce the opening of Railyard Housing Co-op at 95 East 1st Avenue in Vancouver. The 15-storey 135-unit building was developed by Concert Properties as part of its 6.4 acre Southeast False Creek site, The Creek. The Community Land Trust …
Vancouver,
BC (February 2, 2018) – CHF BC and the Community Land Trust are proud to
announce the opening of Railyard Housing Co-op at 95 East 1st Avenue in
Vancouver.
The
15-storey 135-unit building was developed by Concert Properties as part of its
6.4 acre Southeast False Creek site, The Creek. The Community Land Trust
was selected by the City to own and operate the site through the new Railyard
Housing Co-op.
The
new co-op’s focus will be on affordable homes for a mix of families with
children and singles or couples. The unit mix includes 44 two-bedroom and 29
three-bedroom homes. The rest of the building is a mix of one bedroom and
studio apartments. Some units have been designed for complete accessibility.
The co-op also includes two in-home childcare units. 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.”
CHF BC
and the Community Land
Trust welcome Railyard Housing Co-op and its new
members to the co-op housing sector!
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For media inquiries regarding Community Land Trust, please
contact: dean@bcnpha.ca