For Immediate Release
Oct 19, 2023
S.U.C.C.E.S.S. and City of Coquitlam partner to build new affordable seniors’ rental housing
Coquitlam, B.C. – S.U.C.C.E.S.S. has been selected by the City of Coquitlam to develop and operate two new seniors’ rental housing buildings in the municipality.
The proposed new housing sites are located on city-owned parcels of land in the Loughheed-Burquitlam and Maillardville neighbourhoods. The city, guided by its Housing Affordability Strategy, recently selected S.U.C.C.E.S.S. to develop and operate both community residences.
“We’re thrilled to partner with the City of Coquitlam to help local seniors continue to live in a community they love that supports their quality of life,” said Queenie Choo, CEO of S.U.C.C.E.S.S. “We have been helping to provide affordable housing since 2008 and today we operate nearly 1,000 housing units across Metro Vancouver. We also have a long history of providing seniors services, so we’re eager to bring our expertise to this project to ensure Coquitlam seniors can live independently longer and age well in their own neighbourhoods.”
The first project plans for a three-story rental apartment building at 290 Laval Square, which will provide 37+ units for seniors and be integrated with the plaza next door at Maillardville Community Centre. The second project plans for a six-story building with 100 units for seniors at 602 Sydney Avenue, the former Burquitlam Lions Care Centre. Once complete, the two buildings will create almost 140 new housing units to meet the needs of low to middle-income seniors in Coquitlam. Construction could start late 2024, with estimated completion in 2027.
“Coquitlam is leading the way to bolster housing supply by providing two pieces of city-owned land to serve the needs of our community and to help address the housing crisis in our region, said Coquitlam Mayor Richard Stewart. “S.U.C.C.E.S.S. has a long history of supporting our residents in a variety of ways, which makes them an excellent fit to partner on this project that will bring much-needed rental housing for seniors.”
Senior-led households (65+) are expected to be the largest demographic in Coquitlam in the next 10 years. Since the city first adopted its housing strategy in 2017, they have created 937+ new rental homes at market or below market rates. Another 11,300+ rental units and 2,120+ below market and non-market rental units are currently in the development process. Since 2018, the City has granted $12+ million to develop 750+ non-market and below-market rental units.
For more information
Director, Strategic Communications and Partnerships
City of Coquitlam
Director, Community Planning
Founded in 1973, S.U.C.C.E.S.S. is one of the largest social service agencies in Canada. Our multicultural, non-profit charitable organization offers a wide range of programs and services that promote the belonging, wellness, and independence of people at all stages of their Canadian journey. Programs and services are offered in the areas of newcomer settlement, English language training, employment and entrepreneurship, family, youth and seniors programming, health education, community development, seniors care and affordable housing. Learn more at successbc.ca.