Once complete, the building at 2465 Fraser St. will offer 69 apartments for adults who are homeless and at risk of homelessness and 30 apartments for youth that will be operated by the Vancouver Native Housing Society. It will also include a new youth resource centre run by Pacific Community Resources Society who, together with partner agencies, will provide support services for both resident youth as well as at-risk youth in the surrounding neighbourhood. This new youth centre will replace the Broadway Youth Resource Centre, which has served the community for the past 14 years.
"There is a crucial need for new supportive housing in Vancouver, and this project is a strong example of the kind of partnerships we need to solve homelessness,” said Mayor Gregor Robertson. “ The 99 new supportive housing units at 2465 Fraser St. will provide a safe place to live and access to life-changing services for Vancouver's most vulnerable residents, especially homeless and at-risk youth."
The City of Vancouver donated the land for the project (valued at over $3 million), waived development cost charges and $4.65 million for the construction of commercial space. Streetohome Foundation will provide nearly $2 million for this project, while the BC Government will provide $22.3 million in construction financing, $2.5 million for the youth centre as well as annual operational funding for both the residential portion and the youth centre.
The building is the 12th of 14 developments built through a partnership between the Province and the City of Vancouver. Construction on the Fraser Street site is anticipated to be complete by late spring 2014.
"The City of Vancouver is committed to building a city where no one of any age is forced to sleep on the street, and 2465 Fraser is another important step toward our goal of ending street homelessness in Vancouver by 2015."