A new affordable rental apartment for Port Coquitlam will have space for families, according to a proposal by Metro Vancouver.
Port Coquitlam council is being asked to approve a 63-unit affordable housing building near Gates Park in downtown Port Coquitlam.
The project, slated for 2481 Welcher Ave., requires approval of a variance, which would allow the building to be five storeys instead of four, permitting another 13 units.
It will also have a number of passive design elements to make it more energy efficient, several amenities, including private balconies and patios, a children’s play area and community gardens with a potting shed for the residents.
As well, over 80% of the units will be two and three bedrooms for larger families, while 10% will be wheelchair accessible.
City staff are recommending the project proposed by Metro Vancouver's housing committee, which a report says will have a colour palette “sympathetic to the city’s heritage character,” including brick and metal panels, a strong corner presence with a focus on a street-oriented pedestrian environment with attractive landscape elements, including street trees and underground parking.
To ensure affordability, Metro Vancouver will be applying for grants to reduce the cost of construction, including a grant from the city’s Special Needs Housing Reserve for a maximum of $63,000 ($1,000 per dwelling unit).
Homes will support a diverse mix of families, couples, singles, and seniors with a mix of incomes, including units for those at the low end of the market and others to be provided at rent geared to income.
Metro Vancouver has stated it is seeking to partner with provincial and federal governments for more funds to support deeper affordability. If approved, construction would take about two years, with residents moving in the spring of 2023.
• To find out more about Metro Vancouver’s application process, visit here
