At a news conference on September 24th, MOSAIC was named as the property manager for a proposed new project which would see 125 affordable rental units intended for low-income residents, as well as an 8,000 sq. ft. community centre that would be built in Chilliwack.
The Lower Mainland Affordable Housing Foundation announced that a proposal has been submitted to BC Housing to receive funding from the Hub program. If approved, the Foundation will receive a $100,000 per unit construction subsidy and other funding as well for the project, which will primarily benefit seniors.
The Chilliwack project is made possible through the donation of land from Sunny Ho, chairman of the Lower Mainland Affordable Housing Foundation. Ho is also the chairman of the Business Association of Richmond, which previously partnered with MOSAIC to welcome Syrian refugees with a Halal-inspired Chinese banquet, and offers of employment with the association’s many businesses.
The Foundation will host a dinner on October 3rd, inviting other organizations to discuss opportunities to create more affordable housing projects.
Sherman Chan, Director of Family and Settlement Services for MOSAIC, expressed enthusiasm about the proposed project saying “ It’s a great opportunity to bring public sector government, a private sector developer, and community resources together, in maximizing potential and expertise to address affordable housing issues in BC.”
Chan and Sue Trevor, Director of Finance and Administration, were on hand at the news conference to answer questions and sign a memorandum of understanding with the Lower Mainland Affordable Housing Foundation. Please click here for media coverage of the event.
