VANCOUVER — Construction is beginning on 146 new affordable rental homes on Sunrise Village in Vancouver.
Located at 2924 Venables St. at the corner Renfrew Street, the project will consist of two, six-storey, mid-rise apartment buildings that will replace a demolished 64-unit low-rise building that had reached the end of its lifespan.
Sunrise Village will unlock the full potential of the land, resulting in 82 net-new affordable rental units, states a release, adding former tenants will be offered right of first refusal for units in the new buildings.
Slated to open in 2027, Sunrise Village will have indoor and outdoor amenity spaces and is a short walk from shopping, services, parks and community spaces.
The two buildings will offer studios and one-, two- and three-bedroom apartments for seniors and families. Rents at the building will be a mix of deep-subsidy units for people experiencing or at risk of homelessness who are able to live independently, rent geared to income units where residents pay 30 per cent of their income for rent, and affordable market units, a release states.
Thirty-six of the units, representing just over a quarter of the total, will be fully accessible.
Brightside Community Homes Foundation, a Vancouver-based non-profit housing operator active since 1951, will own and manage Sunrise Village.
The project is part of a $19-billion housing investment by the B.C. government.
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