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Government of Canada and Partners Break Ground on Major Social Housing Project in Vancouver

VANCOUVER, BC, July 28, 2021 /CNW/ -A Every Canadian deserves a safe and affordable place to call home.
Government of Canada and Partners Break Ground on Major Social Housing Project in Vancouver
Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, on behalf of theA Honourable Ahmed Hussen, Minister of Families, Children and Social Development and Minister responsible for Canada Mortgage and Housing Corporation, aand the Honourable Hedy Fry, Member of Parliament for Vancouver Centre, announced $45.8 million in federal government funding for the 58 West Hastings project, a 10-storey, 231 unit social housing development in Vancouver's Downtown Eastside. Additionally, the Honourable David Eby, Attorney General and Minister Responsible for Housing, announced that BC Housing has contributed $33.6 million in funding support for the project, as well as an annual operating subsidy. Kennedy Stewart, Mayor of Vancouver, announced that the City of Vancouver is providing the land through a 99-year land lease. This project was initiated and developed by the Vancouver Chinatown Foundation which is contributing $30 million through a community fundraising campaign.This project will be one of Vancouver's largest-ever social housing projects and will soon break ground thanks to a unique partnership between the Government of Canada, Government of British Columbia, the City of Vancouver, and the Vancouver Chinatown Foundation.
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