City investment to support reopening Bosman Hotel as affordable housing

Mayor Gregor Robertson and City Council approved a $1 million grant this morning that will help reopen the Bosman Hotel in Downtown Vancouver for affordable housing, providing 100 homes for people on low incomes.

“This project will be a big boost for people on low incomes who call Downtown Vancouver home and are having trouble finding a place to live,” said Mayor Gregor Robertson. “Thanks to a creative partnership with the owner of the building and Community Builders Group, we’re able to utilize the Bosman Hotel and open its doors for people who need housing the most.”

The $1 million grant from the City is part of ongoing investments by City Council to invest in low and modest-income housing. It will allow 100 rooms in the Bosman to be renovated and restored. Community Builders Group has signed a lease with the owner of the Bosman for the next five years to use it as affordable housing.

The City’s Housing Outreach Team will help identify and connect people who need housing with Community Builders Group, as will St. Paul’s Hospital. Community Builders Group will provide on-site staff support to assist tenants. Rents will range from $375 to $600 a month.

For more information on the project, please visit:
http://former.vancouver.ca/ctyclerk/cclerk/20150218/documents/ptec4.pdf