“It’s time for investment to come to the City of Burnaby,” said the president of non-profit developer Catalyst Community Developments Society, as the city pitches in $31 million for affordable rental housing.
The federal Minister of Housing and Diversity and Inclusion Ahmed Hussen came to Burnaby on Monday to announce more than $154.5 million in funding for a total of 358 units of affordable rental housing in Burnaby.
The two Catalyst developments are at 7392 16th Ave., with 203 units, and 6889 Royal Oak Ave., with 134 units. Both Catalyst developments are currently under construction: Royal Oak is expected to finish by spring 2025 and 16th Avenue by summer 2025. Hussen said the RHI is geared to “the most vulnerable members of our community: those who are experiencing homelessness, or those who are at risk of experiencing homelessness, with at least 25 per cent dedicated exclusively to women-focused housing.”
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