Peninsula Estates - Harmony

15135 20th Ave, Surrey, BC

Image: Ankenman Associates Architects Inc.

Catalyst is working with UNITI – a partnership between Semiahmoo House Society, the Semiahmoo Foundation and Peninsula Estates Housing Society – as a development manager, to undertake a portfolio review and business plan for a comprehensive master plan of its existing affordable housing community located in Surrey, BC. Phase 1 (of 5) of the project features:

  • Construction of a 6-storey residential apartment building
  • 88 affordable rental homes
  • Relocation plan for all existing tenants, including the right of first refusal to return to the completed project at existing rents
  • Relocation of the existing Semiahmoo Trail to the eastern perimeter of the site
  • Anticipated completion: summer 2023

Status:

Under Construction

Client:

Peninsula Estates Housing Society

Catalyst Role:

Developer, Owner, and Operator

Affordability:

  • 100% of homes at below market rents

Financial Information:

  • Land contributed by PEHS
  • Social equity investment by PEHS
  • CMHC Seed Grant
  • BC Housing Pre-Development Funding (PDF)
  • CMHC RCFI construction financing

Total Project Cost:

$30.3M

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2358 153 St., Surrey, BC

Status: Completed in November, 2016

Catalyst ensured that Semiahmoo House Society’s mission has not strayed in our partnerships with funders and navigated us through the complexities of developing an innovative housing project.

Doug Tennant

Executive Director

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Status: In Occupancy as of January, 2017

Catalyst’s innovative non-profit developer model has made it possible to add 49 brand new affordable rental homes in Victoria. I want to say how proud I am, as Mayor of Victoria, of this project. This is perfection.

Lisa Helps

Mayor

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Status: In Occupancy as of October 2019

Catalyst not only brings their values to life in all of their interactions with others, but they also add tremendous value to organizations like us who want to respond to community needs and are newer to the provision of affordable housing.

Tanya Behardien

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When I met Catalyst I knew that I was with people who understood the vision I was presenting and that we shared many of the same goals. Proof of this is our work together as joint venture partners.

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Catalyst have been great partners in delivering a project that exemplifies integrated mixed housing types. They offer a broad skillset for the development of affordable housing and have been a pleasure to work with at RPPII/III and Rivermark in Richmond.

Robert Toth

Robert Toth Architect AIBC | Director of Developmentm Intracorp

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