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Rivermark
Catalyst Community Developments Society
View from the balcony from the Rivermark
Project Partners
Intracorp
Project
Rivermark
6900 Pearson Way, Richmond, British Columbia
Total Homes
31
Breakdown

Rent Geared to Income: 9 ; Moderate Income: 22

Development Status
Date of Completion
2020

The City of Richmond has an Affordable Housing Strategy which requires that 10% of the total residential area for any new development is dedicated for below-market rental housing units. Intracorp approached Catalyst to purchase, own, and operate affordable housing units to meet this requirement in a master planned, mixed-use condominium development. Thirty-one non-market rental units are housed within a six-storey building steps away from amenities around the Fraser River, including the Richmond Oval, with convenient transit nearby.

Funding Support
Acquisition Loan in 2020

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’.

Working Hours

Mon-Thurs: 9 AM – 5 PM

Friday: Closed

Sat-Sun: Closed

Office

409 – 312 Main Street
Vancouver, BC V6A 2T2

affordablehousing@vancity.com

Vancity Community Foundation’s office at 312 Main is located on the unceded territories of the xʷməθkʷəy̓əm (Musqueam), Skwxwú7mesh (Squamish) and səl̓ílwətaʔɬ /Selilwitulh (Tsleil-Waututh) Nations.

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