The Province is partnering with a company in Langley to build nearly 100 new rental homes for middle-income people in the community.
“Years of inaction by the last government have left many people, even those with middle incomes, like teachers, nurses and small business owners, struggling to find affordable housing,” said Selina Robinson, Minister of Municipal Affairs and Housing. “Through partnerships like this, we are building the homes that people need to stay in their community.”
Construction is underway on Solaro, which will provide 98 rental homes for individuals and families at 22304 - 50th Ave. in Murrayville.
In partnership with Century Group, the project is being built through BC Housing’s HousingHub, which was created by the Province in 2018. The HousingHub works with community, government and non-profit and private-sector stakeholders to help create new affordable rental housing and home-ownership options for middle-income British Columbians.
For this project, the HousingHub is providing interim construction financing, which will reduce the cost of the project. The savings will be passed on to the people who will live there.
The new rental homes will be for households with annual incomes ranging between $50,000 and $155,000. Monthly rents will range from approximately $1,250 for a one-bedroom unit to $2,140 for a two-bedroom and den.
“While all of our projects are important to us, it is particularly exciting to partner with BC Housing on this initiative,” said Sean Hodgins, president, Century Group. “We see the family-oriented floorplans, focus on outdoor engagement spaces and sustainable living of Solaro as a great addition to the broader Langley community, and are excited to expand our presence in Langley with our Barbican Property Management division.”
These homes will be in two wood-frame, four-storey buildings, located in a park-like setting with a walking path, dog park, gardens and a children’s playground. Each building will include a single level of underground parking with access to the parkade. The parkades will each have an electric vehicle charging station.
"On behalf of the Township of Langley Council, we are delighted to see new affordable rental homes like Solaro in our community,” said Jack Froese, mayor, Township of Langley. “As one of the fastest-growing municipalities, these new cost-effective homes will provide a sense of well-being and a place for many to call home.”
Construction is expected to be complete in fall 2021.
Delivering affordable housing is a shared priority between government and the BC Green Party caucus, and is part of the Confidence and Supply Agreement.
Quick Facts:
The Province, through the HousingHub, is providing interim construction financing of up to $31 million for this project in Langley.
Through provincial investments, more than 22,000 new homes are complete, under construction or in development for people with a range of incomes throughout the province. This includes 420 homes in Langley:
HousingHub: 98 homes for people with middle incomes.
Community Housing Fund: 191 affordable rental homes for people with low to middle incomes.
Deepening Affordability Fund: 131 affordable rental homes for people with low to moderate incomes.