Goldcorp donates $5 million Vancouver affordable housing project

Slated as one of the largest corporate donation to affordable housing in Canadian history, Goldcorp recently donated $5 million to a Vancouver affordable housing project. Launched last May, the affordable housing project is run by local non-profit Streettohome, and once completed plans to add 1000 new affordable housing units across Vancouver. The units are currently in the planning phase.

Goldcorp's donation brings Streettohome half way towards their current capital fundraising goal of $26.5 million. B.C's provincial housing authority and the City of Vancouver will also contribute financially to the project in an attempt to push proposed affordable housing through the pipes to help stem the rising wave of homelessness in Vancouver.

B.C. Premier Gordon Campbell stressed the need for ongoing co-operation between the public and private sector to tackle issues of homelessness and affordability. 'Without private sector partners throughout our communities, we would not be successful in meeting our targets. The core of solving the challenges we face is stable housing', he said.

While Goldcorp's generous donation gives Streettohome's campaign a significant boost, the non-profit will continue its fundraising efforts. To learn more about Streettohome's affordable housing initiatives and how you can help, visit their website: http://www.streettohome.org/