Surrey Takes a Major Step towards Affordable Housing: City Council Approves New Rental Development
Surrey, BC – In a significant move to address the city’s housing shortage, Surrey City Council has approved a proposal to build 350 new rental homes on City-owned land. This development, which will be located at 10975 126A Street in the South Westminster Neighbourhood, is set to be a game-changer for Surrey’s housing landscape.
A Key Step toward Affordable Housing
The new development will feature purpose-built rental units, with 20% of the homes being rented at below-market rates, making it a crucial addition to Surrey’s affordable housing stock. The site’s proximity to Scott Road SkyTrain Station and the North Surrey Sport & Ice Complex makes it an ideal location for those seeking easy access to transportation and amenities.
Mayor Brenda Locke emphasized the importance of this development, saying, “Council is taking action on the shortage of affordable housing by approving the use of City-owned land. This new project will significantly change the housing options available to residents in Surrey.”
A Well-Planned Development with Long-Term Impact
The development is envisioned to include six-story wood structures, in line with the surrounding architecture. It is part of the Surrey Affordable Rental Housing Strategy, a key initiative aimed at preserving and expanding rental options for low to moderate-income renters.
With a target construction start date in 2027 and completion set for 2029, this development will play a crucial role in ensuring that Surrey continues to meet its growing demand for affordable housing.
A Focus on Community and Accessibility
Rob Costanzo, City Manager, highlighted the importance of aligning this project with rapid transit access, ensuring the development provides modern, affordable housing for Surrey’s residents. “By partnering with a development firm, we will ensure that these homes meet the needs of our community, and the convenient access to transit makes this an ideal location,” Costanzo said.
In addition to this new project, Surrey’s wholly owned development corporation, Surrey City Development Corporation, has already submitted plans for 1,800 dwelling units in a multi-phased project on other city-owned lands, reinforcing the city’s commitment to addressing the housing crisis.
Stay tuned to Maple News Wire for more updates on Surrey’s housing initiatives, including upcoming election trail news and political insights that will shape Canada’s future decisions.
