STATUS
In construction
LOCATION
Burnaby, BC
REGION
Lower Mainland
CLIENT
M’akola Housing Society
PROJECT PARTNERS
City of Burnaby
Canada Mortgage and Housing Corporation
BC Housing
PROJECT TEAM
IBI Group
TL Housing Solutions
BUILDING SIZE
130 housing units
PROJECT COST
$90.5 million
ANTICIPATED COMPLETION DATE
Fall 2026
M’akola Development Society (MDS) is developing affordable rental housing for indigenous individuals, families and seniors in Burnaby on behalf of M’akola Housing Society (MHS) . This 130-unit, six-storey building contains a mix of studio, one-, two- and three-bedroom units. It also features underground parking, an indoor amenity room, and outdoor spaces such as a playground, dog run, and outdoor gathering space for people living in the building. The project will adhere to Step 4 of the BC Step Code.
This project has received $10.6 million in funding from the federal government through the Affordable Housing Fund. It has also received $23.5 million in funding through BC Housing, which includes $14.7 million from the Community Housing Fund, an $8.8 million Cost Pressure Grant, and $1.3 million in annual operating funding. The City of Burnaby is providing the land for this project, valued at $13 million, by way of a long-term lease at a nominal fee, along with $1.4 million towards feed waivers and site preparation and off-site servicing works. Metro Vancouver has also waived $867,000 in fees to support the project.
MDS SERVICES PROVIDED
- Owner’s representative services
- Site due diligence
- Local government approvals
- Funding applications
- Procurement and consultant management
- Design phase management
- Budget and contract management
- Construction administration
- Capital and operating budgets
- Project management services
