Rent Geared to Income: 41; Moderate Income: 95
This project provides new affordable rental housing in one of Vancouver’s densest and desirable neighbourhoods. In 2018, a heritage building in the West End was lost to a fire. This project will build a 25-storey tower on the now-vacant lot with 136 rental homes and ground-floor community space. The project will provide 200 secure bike parking spaces instead of parking, taking advantage of a change in the City of Vancouver’s policy around required parking spots in new developments. The project is close to another project that the Bloom Group operates.
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’.
