January 16, 2024

SURREY – The governments of Canada and British Columbia along with the City of Surrey, Metro Vancouver, and Habitat Housing Society announced combined funding of over $35 million for a major rental housing project that will build 100 new homes in Surrey.

The 6-storey building is located at 13583 81st Avenue and will provide a mix of studio, one-, two-, and three-bedroom homes for moderate and low-income households. The building will be operated by the Habitat Housing Society, and will offer on-site community services and programs delivered by Habitat’s sister society, Options Community Services, for children, youth, families, new immigrants, and people with mental health and addiction challenges.

“Habitat Housing Society and its sister society, Options Community Services, are thrilled to be delivering 100 critically needed new homes to people in our community. We gratefully acknowledge the support of the Government of Canada, the Government of British Columbia, and many community supporters for making this building possible. It is through our shared commitment to building community that we inspire hope and quite literally, open doors,” said Christine Mohr, CEO of Options Community Services Society.

Funding provided for this project is as follows:

  • $5.9 million from the federal government, through the Affordable Housing Fund (AHF),
  • $21.2 million contribution from the provincial government, through BC Housing
  • $269,094.00 in waived fees from the City of Surrey
  • $353,000.00 in waived fees from Metro Vancouver
  • $8 million in land and cash equity from Habitat Housing Society

“Creating homes to address the housing crisis is a priority and I am thrilled to see 100 new purpose-built rental homes being added to Surrey’s housing stock. The City recognizes its role in expediting housing projects and that is why we were happy to waive development fees for this much-needed development. These homes will help Surrey residents thrive by creating safe, stable and affordable housing. I thank the Province, CMHC and Habitat Housing Society for their significant investments in this project,” said Brenda Locke, Mayor, City of Surrey.

Source: CHMC


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