Hannelore

585 West 41st Ave., Vancouver, BC

Image: Francl Architecture

Catalyst is working with Oakridge Lutheran Church to redevelop their property into a six-storey, mixed-use building, with retail at street level, a new church and community space on the second floor, and four levels of affordable rental housing above the church. The partners have a long-term agreement to jointly develop, own, and operate this mixed-use building.

Status:

In construction

Partners:

Oakridge Lutheran Church, OLC Housing Society, Catalyst OLC Operations Ltd.

Catalyst Role:

Developer, Co-Owner and Co-Operator

Affordability:

  • 10-40% below market

Financial Information:

  • City of Vancouver Housing Infrastructure Grant 
  • Construction Financing from Vancity Community Investment Bank
  • Social Equity Investment by Catalyst, Vancity, Vancity Foundation, and private mission-driven investors

Total Project Cost:

$33M

Rental Applications Begin:

late-2018

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