SENIOR CITIZENS HOUSING SOCIETY
Richmond Kiwanis Senior Citizens Housing Society
Richmond Kiwanis Senior Citizens Housing Society provides and operates non-profit, below market residential accommodations for Seniors that qualify. Each suite at Kiwanis has the contemporary features and modernized to give you that quality of life you’ve been searching for.
In 1959, the Kiwanis Club recognized the need for affordable seniors’ housing and purchased a five-acre site for $15,000. The Richmond Kiwanis Club formed the Richmond Kiwanis Seniors Citizens Housing Society. The site featured 24 cottages and 2 larger buildings for seniors. After decades of use, the wooden construction was beginning to deteriorate.
The Richmond Kiwanis Senior Citizens Housing Society approached several developers to utilize the property and build new low-cost affordable housing for seniors. The non-profit society entered in collaboration with government and a private-sector developer. Polygon approached Kiwanis with a proposal to buy two thirds of the property at $21 million and develop the property for condominiums.
The City of Richmond required that every large development dedicate 5 percent of its suites to affordable housing. Polygon met the requirement by contributing a cash equivalent of approx. $20 million to the City of Richmond affordable housing reserve fund. The City of Richmond covered development charges, service cost charges and municipal permit fees. The Canada Mortgage and Housing Corporation provided Proposal Development Funding of $100,000 to help Kiwanis with the preliminary work.
The previous 152 residents were relocated temporarily during the construction. Kiwanis supported the moving costs for those residents. These residents were given priority to return to the new Kiwanis Towers.
The first Kiwanis Towers officially opened in March 2015 and the second Kiwanis Towers opened in July. Kiwanis initially received over 750 applications proving the need for affordable homes for seniors. Successful applicants were required to be seniors in need of affordable housing.
In 2019, Kiwanis purchased 6 more suites at another development, Trafalgar Square, to provide more low-income affordable housing.