A land swap deal between the city and a developer may have been quashed in the courts at one point, but that’s all in the past as 162 new affordable homes were opened in downtown Vancouver.
Those apartments, part of the New Jubilee House on Richards Street, officially opened today.
At one stage the project was on hold with BC Supreme Court ordering new public hearings on the land exchange.
Mayor Gregor Robertson says that episode pushed the city to make changes in this kind of transaction.
“To improve some of the gaps and make sure everything we’re doing is transparent and rigorous and we came through that and actually the legal challenge was set aside on the appeal, so we’re on the right path now and the most important thing is we got this housing built.”
He says the process was was worth it, and he would do it again.
“Yes, actually this is a very creative project that used two sites and a land swap, and there’s some new condo and rental market housing that also helped enable the social housing, the low income housing so it’s an innovative approach and if we can find more opportunities like this we will do that.”
87 units are for at-risk seniors, 75 for low income housing.