Monthly rents are below market rate and range from $860 for a studio unit to as much as $1,569 for a three-bedroom unit.
BC Housing, through its HousingHub program, allocated $2.7 million in Federal Bilateral BC Priorities Housing Initiative funding to the YWCA for the purchase.
The YWCA’s Moiz and Nadia Place in Richmond represents an important step forward in making sure that we have safe, appropriate and affordable housing necessary for healthy and sustainable communities.
The Moiz and Nadia Place project is already making a big impact here, with individuals and families set to call this high-quality, safe and affordable building home very soon.
This development wouldn’t have been possible without the support of the federal and provincial governments, the City of Richmond and, of course, Keltic Development as well as our lead donor, Moiz and Nadia Lalani.