Ninety new rental townhomes are under construction in Abbotsford, providing more housing options for families.
“New affordable homes are desperately needed for people like teachers, nurses and small business owners,” said Selina Robinson, Minister of Municipal Affairs and Housing. "We are helping build safe, secure homes, so families don’t have to choose between leaving their community or having an affordable place to live.”
Located at 2841 Livingstone Ave., Gardner Living 1 will provide two- and three-bedroom rental homes for households with annual incomes ranging between approximately $80,000 and $96,000. Monthly rents will range between $2,020 and $2,390. The townhomes will add family housing to a community facing low vacancy rates.
The Province is providing $27.9 million in low-cost construction financing, which will reduce the cost of the project. Those savings will be passed on to the people who live there through lower monthly rental rates. The funding is through a BC Housing program called the HousingHub, 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 homeownership options for middle-income British Columbians.
“Gardner Living in Abbotsford is one of three affordable rental projects Mosaic currently has in development and construction, adding to our portfolio of rental homes under Mosaic ownership and management,” said Geoff Duyker, senior vice-president, Mosaic Homes. “Mosaic is proud to be working with BC Housing, landowners and local municipalities to build more rental housing for the region. We are actively seeking out additional opportunities to address the need for more rental homes for British Columbians.”
Construction started in November 2019. The project is expected to be completed by January 2022.
“We’re pleased that the Province continues to address rental housing within the City of Abbotsford, given that access to housing is critical for all demographics,” said Henry Braun, mayor, City of Abbotsford. “Abbotsford has one of the lowest vacancy rates in the country, and this project is one piece in addressing housing needs for middle-income earners.”
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:
Through provincial investments, more than 22,000 new homes are complete, under construction or in development for people with a range of incomes around the province.
The Province is working in partnership to increase the supply of affordable rental housing throughout the Fraser Valley. More than 670 homes are completed or underway in the region, including:
Community Housing Fund: 74 mixed-income rental homes
Indigenous Housing Fund: 45 homes for Indigenous peoples
Women’s Transition Housing Fund: 34 homes for women and children leaving violence
Rapid Response to Homelessness: 175 homes for people experiencing homelessness
Deepening Affordability Fund: 60 homes