Location selected for $10M Abbotsford affordable housing project
Project proposed for Fuller Street and Old Yale Road, original post by Abbotsford Times,
Site has been chosen for appriximately 60 homes, $10 million affordable housing project announced earlier this month.
BC Housing announced in early April that the Mamele’awt Qweesome Housing Society (MQHS) had been awarded the money, which comes out of a previously announced $355 million fund for affordable housing.
The organization has now applied to the city to build the project near the intersection of Fuller Street and Old Yale Road, and earlier this week the organization held its first open house for the project.
In a press release, MQHS said the project is still in its early stages, but an application is expected to be submitted to the City of Abbotsford “in the coming days.”
While MQHS’s original focus was on helping Aboriginal people who moved to cities, and the development will be “rooted in Indigenous culture” the group said in a press release issued earlier this month that the project will also be open to non-aboriginal individuals and families.
“This is exactly what it says it is – affordable housing,” MQHS CEO Janice Silver said in a press release posted today in the Abbotsford Times. “That means, it is just like any other rental housing development with the only differentiation being that the rents will be below market.” "Current Rent in the area of Central Abbotsford is now over $1000/month for the average 1 bedroom and den type condo, 2 bedroom condos are renting from betweem $1050-$1450 depending on the area" sites local realtor Joe Pratap of Sutton West Coast Realty. "Not only is there a massive demand for lower cost rentals, the average rental rate has almost hit the same average monthly rate as other cities like Langley. Abbotsford is a very popular place to invest, and rentals are hard to find and very expensive"
For more information on the project keep an eye on the city of Abbotsford planning and Joe Pratap Realtor on Facebook.
Joe Pratap Personal Real estate Corporation