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New Jubilee House opens the doors to 162 new affordable homes for at risk and low-income residents

July 6 2016

"This project represents our commitment to ensure Vancouver’s most vulnerable residents have affordable and accessible housing.” - Mayor Gregor Robertson

New Jubilee House opens the doors to 162 new affordable homes for at risk and low-income residents
Photograph by brenhill.com

The completed construction of New Jubilee House in downtown south, providing 162 new homes for at risk seniors and low income residents, was celebrated today by Mayor Gregor Robertson and Sam Sullivan, MLA for Vancouver - False Creek.

The New Jubilee house is located at 1099 Richards Street, across the street from the original Jubilee House, which opened in 1986 at 508 Helmcken Street.

Replacing the original Jubilee House, the building offers a mix of 116 studios and 46 one-bedroom homes. A total of 87 units will house the existing at risk seniors of the former Jubilee House and 75 units will be offered at low end of market rates.

City and provincial investment

The City invested $30.6 million to the project through Community Amenity Contributions and the land exchange agreement with Brenhill Developments Ltd. The Government of B.C. provided $39 million in interim construction financing for the project.

“This project represents our commitment to ensure Vancouver’s most vulnerable residents have affordable and accessible housing, and we are very thankful to all the partners that have made the new Jubilee House a reality," said Mayor Gregor Robertson. "I’m confident this new building will not only improve the residents’ quality of life, and will be a place they will be proud to call home.”

Jubilee House a 'unique partnership'

“This project is the result of a unique partnership between the public and private sector to address the need for affordable and supportive housing in Downtown Vancouver. The new Jubilee House will provide a home for those that need it most for years to come,” said Sam Sullivan, MLA for Vancouver-False Creek. 

To foster positive social outcomes, New Jubilee House provides an impressive range of amenities such as a library, lounge, computer room, communal kitchen and roof top garden. These spaces will offer enhanced programming and encourage friendships and connections between residents.  

This initiative is a key part of our Housing and Homelessness strategy, aimed at revitalizing existing social housing units and creating new affordable, community focused housing.

127 Society for Housing to manage building

“The 127 Society is delighted to see this day when our 87 existing tenants and an additional 75 lower income individuals in our community, are able to be housed  in this beautiful building developed in partnership with our Society, City of Vancouver, Brenhill Developments, BC Housing and all of our supporters,” said Joan Seidl, President, 127 Society for Housing

Background on the Jubilee House

The New Jubilee House forms part of a land exchange agreement signed in January 2013 between the City and Brenhill Developments Limited. As part of this land exchange, Brenhill committed to building 162 social and affordable housing units (New Jubilee House) on their land at 1099 Richards Street and to transfer ownership to the City upon completion.

In exchange, the City-owned land at 508 Helmcken Street (the site of the original Jubilee House) was exchanged to Brenhill for future development of a proposed mixed-used building including 200 market condo apartments and 121 secured market rental units.

Between the development of New Jubilee House and 508 Helmcken Street, the agreement between the City, Brenhill and 127 Society has resulted in 283 new rental homes for a range of residents in downtown Vancouver.

Now that New Jubilee House has completed construction, ownership of the building will be transferred to the City. A 60 year Lease and Operating Agreement will be entered into with 127 Society to manage the building.