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Olivia Skye @ 41 East Hastings Street
About Olivia Skye?
Olivia Skye, located at 41 East Hastings Street in Vancouver, is comprised of 198 studio and one-bedroom suites, 52 of which will rent at maximum shelter allowance to single women and women-headed couples. Referrals will come primarily from women-only housing and single room occupancy hotels, where women are thinking of leaving or have given notice in order to live with a male partner (women can live with female partners in women-only housing).
The 52 units will be scattered across the 12 residential floors and each will contain finishes equal to all other units in the building, including stainless steel appliances, quartz counter tops, vinyl plank flooring and in-suite laundry.
A common lounge, deck and fitness room will be available to all tenants.
Why the need for these units?
In Atira’s experience, a failed relationship is one significant factor leading to women’s experience of chronic homelessness and repeat use of shelters. When a relationship fails, it is almost always the woman who ends up having to leave the home, often for her own safety. Atira estimates that at any given time, eight of 10 women in its short-term shelters and transition houses, have been there before.
By housing women-headed couples, this project has the potential not only to prevent women’s repeat homelessness, but also to create double the vacancies (104) elsewhere in the system, freeing up rooms for others who are homeless and who are looking for supportive housing.
The 52 units will be targeted to women, and their partners, who are currently living in supportive housing and who have demonstrated they are ready and want to move into independent housing. Women in receipt of income assistance will be prioritized, as well as women on other forms of fixed income.
When will Olivia Skye be ready for move in?
We are expecting move in date to be October 1st, 2017. We will provide updates on this website as we get closer to completion.
Community Partners and Funders
We have employed a number of inventive financing tools to bring this project to completion, including secondary financing, a Vendor Take Back mortgage, and commercial loans. We are partnering with the Cressey Development Group, which is building the project and donating back the construction management fee, which amounts to an almost $1 million contribution. Capital grants are provided by the City of Vancouver, which also waived the development cost charges, Streetohome Foundation and Housing Partnership Canada. 60 units will be air parceled and sold to the provincial government, which will turn them over to Atira to operate at a nominal rent. Project development funding was provided by CMHC and Vancity Credit Union.
If you are interested in applying for a unit at Olivia Skye, please complete the on-line application below. *Please note you need a minimum of two references.*