A partnership between the Province and Kiwanis North Shore Housing Society will bring more than 100 affordable rental homes for seniors on the North Shore.
Located at 2555 Whiteley Ct., Lynn Woods will be a six-storey building, providing 106 one-bedroom apartments for low- and middle-income seniors.
The building will also include a multi-purpose hall for social gatherings, such as special events, dances and exercise classes, as well as a new arts and crafts room. Kiwanis North Shore Housing Society will own and operate the new building.
The projected rent mix will be: 21 units for seniors with low incomes: $375; 53 rent-geared-to-income units (seniors with low to moderate incomes): approximately $890; and 32 middle-income units: approximately $1,525.
The Province is also working in partnership to build 90 affordable rental homes for families in North Vancouver.
The society is receiving $10.6 million from the province, and DNV will waive development costs of approximately $2.8 million. The society provided the land valued at $13.6 million and equity of $12.1 million for the new building.
The project will be located next to Lynn Manor, a 205-unit high-rise for seniors, which has been operated by the society since 1974.
“Far too many seniors living in North Vancouver are one rent increase away from being homeless, and it’s unacceptable,” said Bowinn Ma, MLA for North Vancouver-Lonsdale.
“This new provincially funded project will give many more seniors the stable housing they deserve. More projects like this are needed throughout the North Shore, and I’m committed to continuing our work to bring affordable housing to people.”
Mike Little, District of North Vancouver Mayor, said providing affordable rental homes is a priority for this council and the district was pleased to be able to support projects, such as Lynn Woods.
“We look forward to continuing to work with partners and all levels of government to provide affordable housing in our community,” he said.