On Friday seniors with low-incomes will be able to apply to live in a brand new unit at Kiwanis Towers, a two-tower, affordable housing development for seniors currently under construction, located between Minoru Park and Richmond Centre.
The 294-unit development replaces an old 122-unit complex and will be operated by Richmond Kiwanis Senior Citizens Housing Society in conjunction with BC Housing and the City of Richmond.
Tenants of the old complex will get first dibs, should they choose to relocate again.
They can expect to move in as early as March, 2015 as the first tower nears completion.
Tenants must not earn more than $38,000 per year per individual or $44,000 per year per couple, according to a City of Richmond news release Thursday.
The city stated the second tower should be complete by August, 2015.
The city contributed $20.8 million using money it gained over time from development charges (affordable housing capital reserves).
The provincial government contributed 19.7 million and Kiwanis contributed $21 million by selling land to developer Polygon Homes Ltd.
By densifying the property the developer will be now able to build three other market-driven residential towers known as Carrera.
Interested parties are currently developing a residential management and amenity services game plan for the site's continued, sustainable operations.
The development will feature meeting rooms, games rooms, a fitness studio, hair salon, courtyard gardens and plug-ins for scooters.
Applications can be submitted at www.richmondkiwanis.ca.