6.6 C
Vancouver
Tuesday, April 16, 2024

Affordable home ownership proposed in future North Delta highrise

Tower would be second ever high-rise erected in North Delta

A proposal for a 35-storey tower at 75A Avenue and 120th Street in North Delta has been revised to include affordable home ownership options.

Hari Homes is behind the development which now includes 335 units, commercial space, and a 3,000 sq ft. childcare facility. There will also be a separate building with six three-storey townhomes.

Hari Homes North Delta tower rendering
Tower rendering. Credit: Hari Homes

Seventy of the units will be offered under the Affordable Home Ownership Program in partnership with BC Housing, targeted at first-time homebuyers and middle-income families and individuals.

The combined gross household income of all individuals on title must not exceed the Middle Income Limit as defined by BC Housing:

  • For residential units with less than two bedrooms, a gross household income that does not exceed the 75th income percentile for couples without children, as determined by BC Housing. For 2019, this figure is $112,410.
  • For residential units with two or more bedrooms, a gross household income that does not exceed the 75th income percentile for families with children, as determined by BC Housing. For 2019, this figure is $155,510.

There will be 554 parking spaces which exceeds regulations.

The development will be the second high-rise to be built in North Delta.

The application goes before Delta city council Monday, November 4. The proposal has been in the works since 2017, but the affordable home ownership units a new addition.

Subscribe to our newsletter

To be updated with all the latest news.

Peter Meiszner
Peter Meiszner
Peter Meiszner is an experienced journalist and media relations professional, based in Vancouver. As founder of urbanYVR.com, he has been reporting on urban development across the Lower Mainland since 2016, and has also served as vice-chair of the Gastown Historic Area Planning Committee. In October 2022, he was elected to Vancouver city council and is no longer actively reporting for urbanYVR.

Related Articles

Stay Connected

872FansLike
4,971FollowersFollow
4,165FollowersFollow
Snaile Smart Parcel Lockers

Latest Articles

Urban Planning

Subscribe to our newsletter

To be updated with all the latest news.