Abbotsford council has approved the development of a 110-unit apartment-and-townhouse building with below-market rentals on Horn Street.
The building at 2910 and 2946 Horn St. will consist of a parkade and six townhouse units facing Horn Street on the ground floor with 104 apartment units over four storeys behind and above.
It will also include a two-level underground parkade with 152 parking spots.
In conjunction with financing the project will receive through the Rental Construction Financing Initiative, at least 20 per cent of the units will have rents that are below 30 per cent of the median total income for families in the area.
As well, the total residential rental income must be at least 10 per cent below its gross achievable residential income, according to a staff report to council.
The exact rates for the building will determined once the financing is secured, the report states.
Several area residents spoke out at a prior public hearing on the matter.
Many were in support of the project because it will provide needed affordable housing in the area.
But several others were concerned about issues such as traffic and pedestrian safety, the environmental impacts such as the loss of green space, and the size of the project.
Council gave final approval on Feb. 6 to the rezoning and development permit for the building.
The 104 apartment units consist of: 35 one-bedroom suites, eight one-bedroom units with den, 44 two-bedroom units, four two-bedrooms with den, and 13 three-bedroom suites.