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
Other Projects
Chorus
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
Semiahmoo House Society
7510 Kingsway Ave
7510-7536 Kingsway, 7390-7398 16th Avenue, and 7411 15th Avenue, Burnaby, BC
Status: In Pre-Construction
6857-6875 Royal Oak Ave
6857-6875 Royal Oak Ave, Burnaby
Status: In Pre-Construction
5590 Victoria Drive
5590 Victoria Drive, Vancouver, BC
Status: In Pre-Construction
1013 & 1025 Brunette Ave
1013 & 1025 Brunette Ave, Coquitlam, BC
Status: In Pre-Construction
DL 114
District Lot 114, District of Tofino, BC
Status: In Pre-Construction
The Springs
2318 St. Johns Street, Port Moody
Status: Under Construction
Catalyst is aptly named. Their work with our organization has been instrumental in helping us to unlock latent potential, address chronic gaps in service and look toward a future with greater opportunity for the people we serve.
Christine Scott
Executive Director
Kinsight (formerly Simon Fraser Society for Community Living)