Deeply Affordable: 8 ; Rent Geared to Income 12 ; Moderate 7
Bowen Island is a municipality located in Howe Sound across from Horseshoe Bay. In 2005, the municipality purchased about 40 acres of land from the Metro Vancouver Regional District that were surplus to regional park needs. These lands are now an important asset that can support community needs. In 2018, Council agreed to enter into a lease agreement with BIRCH to develop non-market housing. The project will provide secure rental housing for Bowen Island Community Members. Units will be in a variety of sizes from studios, up to 3 bed family units. The project has received approval from BC Housing’s Community Fund and construction is expected at the end of 2025.
Profile Maps Last Updated: July 2, 2024
Notes:
**Priority Population(s): These are described for projects that explicitly fill some or all units with people who are part of a specific demographic that faces unique needs related to housing insecurity.
**Green Building Standard: This is described for projects that are designed according to a green building certification such as LEED (Gold/Platinum), Built Green (Gold/Platinum), and Passive House.
**Affordability Definitions:
Deeply Affordable – A home that is affordable to people on a very limited income, such income assistance, disability assistance, and income support programs for seniors.
Rent Geared to Income – A home that is available to people with modest incomes. Rent is calculated to be affordable based on the tenant’s income.
Moderate Income – A home that is available for a monthly rent that is equal to the low-end of rents available in the private market. Also referred to as ‘Middle Income’ and ‘Affordable Market’.
