A 40-unit townhome project in Coquitlam set to help dozens of local families on lower incomes achieve homeownership is getting a big boost from a B.C. developer.
Habitat for Humanity is receiving a $100,000 donation from Quantum Properties (Abbotsford) to help build the affordable housing complex, which is set to be the non-profit's largest project in Metro Vancouver to date.
In a release provided to the Tri-City News, the regional chapter's first-ever shovels in Coquitlam soil are earmarked for 1358 Coast Meridian Rd. — located on Burke Mountain just east of Millard Orchard Park.
It's part of the city's strategy to get hardworking families into affordable living by choosing to build the complex in "an established healthy neighbourhood."
Habitat Greater Vancouver spokesperson Steph Baker is grateful to ultimately see generosity prevail for those who need it most.
"This significant financial contribution and willingness to rally the community to join the cause of affordable housing is what Habitat is all about; working together to lift up the vulnerable in their community," she said in a statement this week.
"Without partners like Quantum Properties, we would not be able to provide safe and affordable housing that will impact the trajectory of hundreds of local families and provide a pathway to eventual home ownership. We are deeply grateful."
By providing a roof of their heads, Habitat's Coquitlam project is also aimed to help families become more self-reliant and independent by giving them the financial stability associated with fully owning a home.
Quantum Properties founder Diane Davies believes it's important to lift up local communities with contributions that makes life easier and fulfilling.
"As we enter the Coquitlam marketplace, we are excited to find that Habitat for Humanity, a well-respected charitable organization, is planning a new housing project in this area," she adds, noting Quantum has also made previous donations to the Port Coquitlam Community Foundation.
"The Quantum Properties team looks forward to helping champion the Habitat for Humanity model of achieving home ownership. These projects are so important to the families that will live there, and we are very proud to be involved. Our hope is that other companies and individuals will join us!"
Habitat says its latest development also represents incremental growth for the Greater Vancouver affiliate and, when completed, will bring its to-date regional housing total to approximately 500 families and more than 1,500 children.
The non-profit organization is also getting funds from all levels of government to help build the Coast Meridian homes.
For more information, you can visit Habitat for Humanity's website.
The $100,000 donation also means the main street of the 40-unit complex will bear Quantum Properties' name.