Vancouver SRO Renewal Initiative

The project delivered

• long-term, supportive housing and an improved quality of life for residents living in the units;
• updated amenities, such as cooking and washroom facilities, dependable heat, and hot-water availability
• seismic upgrades made in consultation, collaboration and agreement with the City of Vancouver and consultant engineers, greatly improving building safety
• restored heritage value and appearance of these century-old buildings, contributing to the revitalization of historic Vancouver neighbourhoods

On December 20, 2012, Habitat Housing Initiative (Forum Equity Partners/Brookfield Financial) reached financial close on the C$143.3 million contract.

Some of the buildings identified for renewal were almost 100 years old and all 13 were identified as municipal heritage sites — four were designated national historic sites. Under the terms of the project mandate, the buildings required extensive structural, plumbing, electrical renovations, and seismic upgrades, while preserving and restoring the historic features of the buildings.

Further information on the project can be found on BC Housing's website.