Canada and British Columbia support 85 new rental homes in Surrey

From Canada Mortgage and Housing Corporation (CMHC): https://www.cmhc-schl.gc.ca/en/media-newsroom/news-releases/2022/canada-supports-affordable-housing-surrey

Individuals, families and people with disabilities in Surrey will soon have access to 85 new rental homes, with construction underway for the redevelopment of Kingston Gardens.

Today, the Honorable Ahmed Hussen, Minister for Housing, Diversity and Inclusion, Ken Hardie, MP for Fleetwood–Port Kells, Jagrup Brar, Member of the Legislative Assembly for Surrey–Fleetwood, and Sav Dhaliwal , Chairman of Metro Vancouver’s Board of Directors, announced investments of nearly $50 million in this project.

The Government of Canada is contributing $29.4 million through the National Housing Co-Investment Fund (NHCF), while the province, through BC Housing, is providing $8.3 million to the project. The Metro Vancouver Housing Corporation is also providing approximately $12 million in equity.

The four-storey building is located at 15245 99 Avenue in Surrey and will be operated by Metro Vancouver Housing Corporation. The building will feature a mix of one-, two-, three- and four-bedroom units for low-to-middle income individuals, including nine accessible units and resident amenity spaces. The site is located opposite Guildford town center and close to supermarkets, schools and community amenities.

This is phase 1 of a larger redevelopment of the site. The 85-unit building will replace 24 aging townhouses built in 1981. The townhouses have already been demolished and residents have been relocated. Previous tenants will have the option of moving into the new homes once construction is complete. Construction is expected to be completed in the spring of 2023.

Quotation:

“Every Canadian deserves a safe and affordable place to call home. Through the National Housing Co-Investment Fund, our government is investing in housing across Canada, including Surrey. This housing project will add 85 affordable housing units to the community, benefiting individuals, families and people with disabilities. This is the National Housing Strategy in action. – The Honorable Ahmed Hussen, Minister of Housing and Diversity and Inclusion

“This investment from the Government of Canada’s National Housing Co-Investment Fund improves the economic and social well-being of individuals, families and people with disabilities who will soon call Kingston Gardens home and makes Surrey a better place. or live. . When people have secure and stable housing, they gain the confidence they need to succeed and realize their potential. Ken Hardie, MP for Fleetwood–Port Kells

“These 85 new homes will ensure that more people in Surrey won’t have to look elsewhere to find a quality home at their price. Working with partners like Metro Vancouver Housing Corporation, we’re building the homes people need in Surrey and across the province. – Jagrup Brar, MP for Surrey-Fleetwood

“Metro Vancouver Housing provides high-quality housing to low- and middle-income households and plays a vital role in building a more resilient, equitable and inclusive region. This redevelopment at Kingston Gardens is one of many projects Metro Vancouver has planned in the coming years to make our communities more livable. – Sav Dhaliwal, Chairman of the Board of Metro Vancouver

Fast facts:

  • The BC government is making the largest housing investment in BC history — $7 billion over 10 years. Since 2017, the province has funded nearly 34,000 new affordable homes that have been completed or are being built for British Columbians, including more than 1,900 homes in Surrey.
  • The National Housing Co-Investment Fund (FNLC) is a National Housing Strategy (NHS) program that prioritizes projects that help those most in need, including women and children fleeing domestic violence, seniors, Indigenous people, disabilities, people with mental health or addiction issues, veterans, and young adults.
  • With a budget of $13.2 billion, the NHCF plans to:
    • Create up to 60,000 new homes
    • Repair up to 240,000 houses
    • Create or repair at least 4,000 places in shelters for victims of domestic violence
    • Create at least 7,000 new housing units for the elderly
    • Create at least 2,400 new homes for people with developmental disabilities
  • Budget 2022 proposes to advance $2.9 billion in funding under the FNPC to accelerate the creation of up to 4,300 new homes and the repair of up to 17,800 homes.
  • The Government of Canada’s National Housing Strategy (NHS) is an ambitious 10-year plan that will invest over $72 billion to give more Canadians a place to call home.

Related links:

  • As Canada’s authority on housing, CMHC contributes to the stability of the housing market and financial system, provides support to Canadians in need, and provides impartial housing research and advice at all levels of the Canadian government, consumers and the housing industry. CMHC’s goal is that by 2030, everyone in Canada will have affordable housing that meets their needs.
  • For more information visit: www.cmhc-schl.gc.ca/enor follow:
  • To learn more about the National Housing Strategy, visit: www.placetocallhome.ca.
  • A map showing the location of all announced provincially funded housing projects in British Columbia is available online at: https://www.bchousing.org/homes-for-BC.
  • To learn more about what the province is doing to address the housing crisis and provide affordable housing for British Columbians, visit: https://workingforyou.gov.bc.ca/

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