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 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:

In Pre-Construction

Client:

Peninsula Estates Housing Society

Catalyst Role:

Development Manager

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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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.

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Executive Director

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