On March 25, 2022, the Metro Vancouver Housing Corporation endorsed an application by the District of North Vancouver to create a social housing on a district-owned site on Riverside Drive.
“This exciting announcement brings us one step closer to building more affordable homes in our community,” DNV said. The next step in this process, DNV said, is to complete an analysis to make sure the location is feasible.
The site is undeveloped, consists primarily of second growth forest and is located next to the undeveloped Maplewood Park. The development would potentially include 60 to 90 rental homes, though a specific number of units has yet to be determined.
It is expected to be a six-storey apartment building with one level of underground parking. The rents will be appropriate for low-to-moderate-income households in the District with before-tax incomes ranging from $30,001 to $85,170.
At Council’s direction, District staff had reviewed 10 District owned sites to assess their suitability for affordable rental housing. In a meeting on Sept 27 last year, Council directed the staff to proceed with a rezoning process for the Riverside site, one among the 10 identified sites.
Mountain Highway and Hunter Street, Burr Place, Lillooet Road east and west, St. Denis Avenue, and four other sites on Maplewood and Old Dollarton Road are also under consideration.