Metro Vancouver owns and operates 49 regional public housing projects across the Lower Mainland.
These sites provide affordable housing for the more than 9,000 residents, who are paying either below-market rents or rents geared to their income.
A new regional housing development is coming, and after its completion, 63 households are going to move in.
Metro Vancouver has filed an application with the City of Port Coquitlam to build a five-storey residential building.
The regional district’s housing committee has received an update about the project, which is included in its agenda Wednesday (July 8).
According to a staff report to the committee, the development site on the 2400 block of Welcher Avenue allows for multi-family residential uses up to three or four storeys.
“To provide more affordable rental homes to support the growing need for affordable housing in the City and the region, the City of Port Coquitlam encouraged MVH [Metro Vancouver Housing Corporation] to submit for a variance to allow a five-storey building,” according to the report.
The original plan for Welcher Avenue involved 50 homes.
With the proposed development variance, Metro Vancouver will be able to build 63 units.
The report was prepared by Julia Dugaro, senior planner with regional planning and housing services, and Jason Hingley, division manager for housing of finance policy and planning.
Metro Vancouver has alloted $16 million for the Welcher Avenue housing development.
Dugaro and Hingley reported that construction is expected to start in the spring of 2021.
This will be the second Metro Vancouver housing development in Port Coquitlam.
The first is the Meridian Village at 3156 Coast Meridian Road, which offers rental apartment units and townhouses.