BC Housing, Burnaby reach financing deal to preserve threatened co-op housing
The B.C. government, the City of Burnaby and the Community Land Trust have reached a deal to preserve 425 units of co-operativeThe deal involves two properties: a pair of towers at 9380-9390 Cardston Ct. with 244 units, and a tower at 4221 Mayberry St. with 181 units.Co-operative housing group fears for tenants as more than 240 units in Burnaby go up for sale
The properties were both owned by the International Union of Operating Engineers Local 115 Pension Plan; the Cardston towers’ lease expired last fall and the Mayberry property’s lease was due to expire this fall. The situation raised concerns among the co-ops’ residents, many who are seniors on fixed incomes, that the properties could have been sold for redevelopment, leaving them unable to find homes at an affordable price.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
‘Largest-ever decontamination’: B.C. crews track down mussel-infested barge from eastern Canada | Globalnews.caAccording to the province, the barge from Lake Ontario was headed to a Lower Mainland waterway for industrial use.
Read more »
More than half of BC Housing’s board is being replaced | Globalnews.caDavid Eby's office announced Friday evening the firing of several board members for BC Housing, which came after an external review.
Read more »
Victoria’s Chinatown home to one of B.C.’s last payphones | Globalnews.caTELUS said it currently has about 800 active payphones left in B.C., with most in transportation hubs, hospitals, prisons and at some corner stores.
Read more »
Jason Kenney wants federal climate plan on agenda at premiers’ meeting in B.C. | Globalnews.caAlberta Premier Jason Kenney says he'll be raising the alarm over the federal government's emissions reduction plan when he meets with Canada's premiers over the next two days.
Read more »
Vancouver beer and music festival blames staff shortage and faulty wrist band tech for lineups - BC | Globalnews.caFestival organizers issued a statement Sunday morning, blaming staff shortages and a tech issue with wristbands.
Read more »
Missing Port Alberni woman’s car found but she hasn’t been seen since July 6 - BC | Globalnews.ca'We ask that the public continue to keep an eye out for Amber and Justin, and to call the Port Alberni RCMP immediately with any information about their location.'
Read more »