A third project has been approved under Vancouver Council’s Moderate Income Rental Pilot Program (MIRHPP).
Following the recent green light for two developments, councillors have now approved the building of 63 homes at 1805 Larch Street, 13 of them secured at below market rents and 40% suitable for families.
“I’m so proud that Council has voted to make room for middle-income households in Kitsilano by approving 63 new secured rental homes – 13 of them starting at $950/month,” said Mayor Kennedy Stewart. “Kits is getting more and more expensive, and this project will help keep the community diverse and vibrant!”
The 5-storey development will include 22 studio homes, 15 one-bedroom homes, 20 two-bedroom homes, and 6 three-bedroom homes.
“Projects like this are so important for ensuring that more middle income households, such as our nurses, firefighters, bus drivers, and teachers, can chose live in the neighbourhood that best meets their individual and family needs,” said Gil Kelley, General Manager of Planning, Urban Design, and Sustainability. “Through the Public Hearing we heard clearly from neighbours and residents that refinements to the building design and public spaces could be explored, and our staff will be pursuing that as the development process continues.”
More market update: