Catherine Street rental-housing project gets green light despite concerns

Victoria council’s approval of a 30-unit rental building in Vic West ought to have been a cause for celebration for the developer behind the project.

But the overwhelming win was tempered by the number of councillors who admitted they remained undecided until the final moment. Many conceded they were struggling to make a decision. He said very little had been made of the fact that the existing building, which has nine rental units, is at the end of its life and a renovation to deal with required seismic upgrades, asbestos and lead would have meant displacing tenants for at least a year, with no tenant assistance policy to help them.

The third tenant, a senior, was found housing in another Aryze building and the rent will be subsidized for 18 months. . Mayor Lisa Helps said the application was a difficult one to consider. “Usually, adding new rental housing isn’t a difficult decision, particularly when it fits with the official community plan,” she said. Helps said it was complicated by the fact the surrounding community seems split on how they interpret their own neighbourhood plan, with some residents saying the new project will fit in perfectly and bring life to their urban village, while others felt it just doesn’t fit.

Source: Real Estate Daily Report (realestatedailyreport.net)

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