Gastown market rental homes sold to BC government for homeless housing

The developer acquired the building in 2007, a year after the City of Vancouver ordered the previous private owner and their tenants to vacate due to the building’s dangerous condition. Prior to the building’s use as an SRO, it was an office building.
However, as of today, this building’s future will come full circle, as it has been acquired by BC Housing for supportive homes for women experiencing homelessness in the area, specifically those “who are committed to reducing or stopping substance use.”
The provincial government covered the $10.9 million cost of acquiring the building from the developer. It will also provide the operator, Atira Women’s Resource Society, with an annual operating fund of $1.3 million.

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