We’re proud to be involved in this affordable housing project by BC Housing and Chard Development at 845 Johnson St, Vivid at the Yates.
BC Housing posted a News article this week announcing that all 135 condominium units have been sold to middle-income families in Victoria, and the new owners are moving in this month.
Proscenium provided full interior design services for the building.
ABOUT THE PROGRAM
The project was financed through a 2017 pilot project with BC Housing’s HousingHub: Affordable Homeownership Program (AHOP). The Province provided a low-interest construction financing loan of approximately $52.9 million to Chard Development to develop the project. Families with average household incomes of $60,000 were eligible to buy units. The model was so successful, the developer is exploring options for a second building in Victoria.
Learn more about the program here.
Map by Chard Development