Fraserview Housing Co-operative took a big step forward by electing its first resident board at last week’s annual general meeting. This marks an important occasion in the life of a multi-site partnership with the Community Land Trust, the City of Vancouver and the members of Fraserview.
Half a decade ago, the City sought a non-profit partner to develop several properties near the River District in southeast Vancouver and on Kingsway. Community Land Trust’s interest in the project led to 99-year leases on four sites and the building of 358 new homes. When the development is fully occupied, Sanford Housing Society, Fraserview Housing Co-operative, Tikva Housing Society and Fraserview Towers Housing Co-operative will work together with the Community Land Trust to manage the new homes.
Fraserview’s buildings, the second to be completed, offer 90 homes (apartments and townhomes) to the co-op’s members. Last week’s AGM was well-attended by members and their families. Almost a dozen candidates competed for seven spots on the first resident board. Members had some tough choices to make among so many qualified candidates, all excited by the opportunity to help build the Fraserview community. CHF BC and the Community Land Trust are confident about the future of Fraserview and wish all members success in their new community. CHF BC will continue to support the new co-op with governance and other training to help with a smooth transition.
Community Land Trust continues to lead the development of new co-op homes in BC.