Hoy Creek Housing Co-op

2905 Glen Drive, Coquitlam, BC

Developed in partnership with Community Land Trust Foundation of BC (CLT), The Hoy Creek Housing Cooperative is a multi-phased redevelopment of varied tenure from co-operative housing to shared equity/affordably home ownership all within Coquitlam’s City Centre. Phase 1 will deliver 132 units backing directly onto picturesque Hoy Creek within a 6-storey wood frame building over a tanked underground parkade. Phase 1 will replace the existing housing stock and increase the co-operative with 35 additional homes. Located in the heart of Coquitlam City Centre, the development is walking distance to two Evergreen Line stations and all the amenities Coquitlam has to offer. In total, over 400 homes will be brought to the non-market sector under CLT’s stewardship with funding and grants provided by all three levels of government working together to address the urgent need for affordable housing from shelter rate rates to low-and-moderate income individuals, seniors and families.

Location

Coquitlam, BC

Product Type

Affordable Co-Operative

Program

BC Housing (Community Housing Fund)
CMHC (Co-Investment)
City of Coquitlam (Grant)

Timeframe

Est. Completion Winter 2022/23

The Team

Community Land Trust Foundation of BC
BC Housing
Canada Mortgage and Housing Corporation
City of Coquitlam

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