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Construction begins on Downtown Eastside's largest social housing project ever

The federal government’s contribution is $45.8 million from the National Housing Co-Investment Fund, with $18.5 million as a contribution and $27.3 million as a repayable loan.
The provincial government, through BC Housing, is providing $33.6 million in funding and an annual operating subsidy of up to $1.8 million over the 60-year lifespan of the building a total of $141 million.
The not-for-profit Vancouver Chinatown Foundation (VCF) initiated and spearheaded this project, and will provide $30 million from community fundraising. This brings the project’s total construction cost to just under $110 million.
Site of 58 West Hastings Street, Vancouver. (Google Maps)
Site of 58 West Hastings Street, Vancouver. (WT Leung Architects/Vancouver Chinatown Foundation) ....

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Dan Fumano: New chapter for old Army & Navy building

Dan Fumano: New chapter for old Army & Navy building
Analysis: The shelter sleeping pod is one of many examples, big and small, of COVID-19 spurring innovations that could outlast the pandemic.
Author of the article: Dan Fumano
Publishing date: May 16, 2021 • 2 hours ago • 4 minute read •
Duncan Higgon, senior manager of housing at the Portland Hotel Community Services Society, left, and Tanya Fader, director of housing for the PHS, at the former Army & Navy department store in Vancouver s Downtown Eastside on May 13. Photo by Jason Payne /PNG
Article content
While Vancouver’s Downtown Eastside is still feeling the loss of the Army & Navy, the discount department store’s former home will soon open its doors to a new incarnation that will once again serve the community, but in a new way. ....

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Downtown Eastside Market Closure Bad News for Vendors and Community

Downtown Eastside Market Closure Bad News for Vendors and Community
Sellers were told they need to be out of their current space by March 24 but won’t have a new place until June.
Jen St. Denis is The Tyee’s Downtown Eastside reporter. Find her on Twitter @JenStDen. This reporting beat is made possible by the Local Journalism Initiative.
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Marcel Mousseau says he makes enough from market sales to support himself and send money to his family in Manitoba.
Photo by Jen St. Denis.
[Editor’s note: After publication of this story, The Tyee learned the lease for the street market has been extended to late April. City staff say they are still working on a plan to minimize disruption to vendors.] ....

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Dan Fumano: The 'rapid housing initiative' that isn't

But a closer look at the numbers makes it all pretty depressing.
The federal government promoted Monday’s “major housing-related announcement” for days in advance, touting big names like Ahmed Hussen, the federal minister of families, children and social development, Vancouver Mayor Kennedy Stewart, and Vancouver Centre MP Hedy Fry.
The politicians said how pleased they were to reveal the City of Vancouver has used federal funds to purchase the Days Inn in East Vancouver and convert it into 65 supportive homes for the homeless.
The hotel purchase and renovation is funded by the federal Liberal government’s Rapid Housing Initiative, which was announced last September and committed $51.5 million to Vancouver to quickly create up to 135 new affordable homes in the city. Surrey got another $16.4 million, while Victoria received $13.1 million. ....

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Vancouver buys hotel to help tackle housing crisis

Vancouver buys hotel to help tackle housing crisis
theglobeandmail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theglobeandmail.com Daily Mail and Mail on Sunday newspapers.

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