Tenants started moving into the 40-unit building in March 2020, and it is currently full. Anhart thanks our partners, which included Canada Mortgage and Housing Corporation (CMHC), Vancity Community Foundation, Ralf and Helga Schmidtke, and Hart and Anita Molthagen.
The Ryder has 31 studio units, three three bedrooms, and six two-bedrooms. It was the first modular build to receive construction financing through CMHC’s rental construction financing program.
Throughout the tenanting process, Anhart heard from people about their difficulty finding affordable housing in Hope, where CMHC had recently measured a zero per cent vacancy rate. Anhart is talking to several municipalities about building affordable housing in small urban centres across Canada. Many towns are struggling with the same challenges facing Hope: a shortage of purpose-built rental housing and recent sales of homes with former rental units.
Anhart has incorporated non-profit organizations in nearly every province and territory of Canada and is working with about a dozen municipalities to create plans for new affordable housing projects. Anhart recently purchased property in Kenora, Ontario, with plans for a building similar to the Ryder.