Catalyst worked with Peninsula Estates Housing Society and Semiahmoo House Society as a development advisor on the creation of a unique affordable and inclusive housing project in Surrey, BC. The development created 71 new homes, including 20 homes for people with developmental disabilities. After completing a detailed feasibility study for the society, Catalyst supported the society in the rezoning, financing, funding and development process.
Completed in 2016
Peninsula Estates Housing Society
- All rents at 10-15% below market, plus further subsidy for tenants with developmental disabilities supported by Semiahmoo House Society.
- Vancity capital grant
- Vancity Community Investment Bank construction and long-term financing
Total Project Cost:
Vancity Stories of Impact
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.
Semiahmoo House Society
2221 Main Street
Status: Rezoning approval submitted October 2017
285 Nanaimo Street
Status: Construction start April 2018
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.
Penticton & District Community Resources Society
2318 St Johns Street
Port Moody, BC
Status: Building Permit submission in early 2018
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.
Kinsight (formerly Simon Fraser Society for Community Living)
43 Hastings Street
New Westminster, BC
Status: in construction
5688 Ash St., Vancouver, BC
Status: In construction
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.
Chairperson, Housing Committee
Oakridge Lutheran Church
Madrona @ Dockside Green
370 & 384 Harbour Road, Victoria, BC
Status: Completed November 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.
City of Victoria