Burnaby Non-Market Housing Projects

The City of Burnaby has been actively leasing city-owned properties to non-profit housing providers and other government agencies at a nominal rate to increase the supply of non-market housing in the city. This report provides an update on recent non-market housing projects on these city-owned sites, which will result in a total of 1,040 units (plus additional units for the Sunset/Kincaid site) with the city's financial contribution of approximately $172,438,000.

• 3838 Hastings Street: 161 non-market rental units, child care, and commercial space. 60-year nominal lease to S.U.C.C.E.S.S. Affordable Housing Society. City contribution: $31,364,700.
• 7898 18th Avenue - Eunice Oh Residences: 25 units for seniors and families. 60-year nominal lease to New Vista Society. City contribution: $3,548,311.

• Site #1 - 6889 Royal Oak Avenue: 134 non-market rental units and 6 market commercial units. 60-year nominal lease to Catalyst Community Developments Society. City contribution: $22,569,275.