Rent Geared to Income: 60; Moderate Income: 140
Brightside is redeveloping an aging, 21-unit apartment building to provide significantly more affordable homes to the community. Brightside acquired the apartment building in 2005, which is currently tenanted to mainly seniors, but the aging building lacks basic accessibility features such as an elevator and needs replacement. The redevelopment is a 21-storey high-rise tower with a low carbon design and climate resiliency features such as air conditioning and air filtration in the event of wildfires. It also meets the Rick Hansen standard target for accessibility throughout the building. Located a five-minute walk from the future Broadway SkyTrain station, the development will include retail and office space for non-profit organizations and aligns with the Broadway Plan objectives. Brightside purchased the adjacent single-family home to increase the project footprint to support a better building design and increase the number of homes.
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’.
