BC Housing subsidizes the rent of each unit based upon the tenants’ income. In addition, BC Housing provides CMHA with one-time funds to upgrade the units so that they are clean and fresh.
CMHA currently has a mortgage for this building for nearly $2 million that is up for renewal in 2010. We have a property manager who works Monday, Wednesday and Friday and is on-call to provide support to the 23 tenants as needed. There is no active programming that occurs at Rosemead.
There are currently no vacancies at Rosemead Apartments.
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