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| Original News Release |
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| Original News Release |
Kiwanis St. Andrews Place, at St. Andrews Avenue and 15th Street in North Vancouver, is ideally located within blocks of Lion’s Gate Hospital, transit routes, and shopping. The building will be a 27-unit, four-storey apartment building with underground parking. It will include 25 one-bedroom units, one two-bedroom unit, and one studio unit. The proposed rent for the affordable housing development is between $650 and $675. In addition to St. Andrew’s Place, Kiwanis Senior Citizens Homes also oversees three other affordable seniors’ housing development in North Vancouver. These include Kiwanis Lynn Manor, Kiwanis Towers and Kiwanis Carneby Place.
The capital cost of this development is approximately $4.9 million. Partners and funding include:
· $500,000 from the federal government, through Canada Mortgage and Housing Corporation, under the Canada-BC Affordable Housing Agreement.
· $500,000 from the Province, through BC Housing, under the Community Partnership Initiatives (CPI) program.
· $1.085 million provided from The Kiwanis Senior Citizens Homes Society.
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The City of North Vancouver provided reductions of
levies totalling approximately $140,000.
The capital budget includes the land, donated by Grosvenor Capital Corporation and Palladium Development Corporation,
valued at $1.084 million.
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contact: |
Corporate Communications BC Housing 604 439-4757 604 505-4156
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Regional Manager, Community Development Canada Mortgage and Housing Corporation 778-772-5962 (cell)
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Executive Assistant to Mayor Darrell Mussatto City of North Vancouver 604 998-3205
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Executive Director Kiwanis Seniors Citizens Homes Ltd. 604 984-9166
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For more information on government services or to subscribe to the Province’s news feeds using RSS, visit the Province’s website at www.gov.bc.ca. |
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