Rental Vacancies - Lookout Housing + Health Society

Powell Horizons
508 Powell St., Vancouver

Powell Horizons is a new affordable housing community located at 508 Powell Street in Vancouver’s Downtown Eastside. This pet-friednly building offers 114 affordable rental homes, including studio, one-bedroom, two-bedroom, and three-bedroom units for seniors, individuals, couples, and families.

Available units (as of Aug 28th)

Floor Plan	Number of Units Available	Footage (sqft.)
Studio – A1 Click Here for Pictures	14	277
1 Bedroom – F Click Here for Pictures	5	478
1 Bedroom – G	3	435
2 Bedroom – J1 Click Here for Pictures	1	724
2 Bedroom – J2	1	676
3 Bedroom – M1 Click Here for Pictures	1	900
3 Bedroom – M2	2	898

Click here for video tours: Studio, 1-Bed, 2-Bed, 3-Bed.

Click here for Unit Layouts

Rental Rates & Eligibility

Studio’s (fully self contained) – $1,200 for households with income between $58,000 – $82,310 Max
1 Bed + 1 Bathroom – $1,500 for households with income between $58,000 – $82,310 Max
2 Bedrooms + 1 Bathroom $1,800 for households with income between $72,500 – $128,810 Max
3 Bedrooms + 2 Bathrooms for $2,150 for households with income between $86,000 – $128,810 Max

As a tenancy requirement, all applicants will have to verify their annual income. Residents must also pay for their own renters insurance and utilities. Additional Storage is available for rent for $50.00

Amenity Spaces

Frequent Questions & Answers

Why are there income limits for Powell Horizon?

Powell Horizon is part of a housing program with specific eligibility requirements for each category, there are three equally distributed categories in the building to ensure affordability across a range of low to moderate incomes. The income criteria are intended to support households within each designated income range and are established by BC Housing. We use the Rent Calculation guidelines by BC Housing to determine gross annual income which determines where the applicant falls within the continuum.

Who sets the income eligibility requirements?

The income criteria are established by BC Housing and the housing program which are applied consistently to all applicants.

Why might someone not qualify even if they are struggling to find affordable housing?

We recognize that many people face housing affordability challenges. Unfortunately, some individuals and families may not meet the eligibility requirements for this specific program, even though they have housing needs. We always try to work with applicants within the parameters of our model, but sometimes we are unable to due to lack of vacancies in the category or unit size that the applicant is eligible.

Are the income limits based on gross or net income?

Income eligibility is based on gross annual household income. Applicants should carefully review the eligibility criteria before applying.

I receive disability benefits or income assistance. Am I eligible?

Eligibility is determined based on the program requirements. In most households where the primary applicant receives benefits under MSDPR, including PWD, they would be eligible for a deeply subsidized unit which is rented at the maximum shelter rate for household size under the associated MSDPR table. This ensures long-term affordability for the household. This category is fully tenanted at this time. We encourage anyone with questions about their specific circumstances to contact our team directly.

Why are there income minimums and maximums?

The housing program is designed to support households within a specific income range. The eligibility criteria help ensure homes are allocated according to the purpose of the program.

I currently pay more rent than the rents advertised at Powell Horizon. Why might I still not qualify?

Eligibility is based on the program’s income requirements, not on an applicant’s current rent. Some households may be paying higher rents elsewhere and still not meet the criteria for this particular program.

How can I learn more about eligibility?

If you have questions about eligibility or the application process, please reach out to our team at [email protected]. We are happy to provide information and help determine whether the program may be a fit for your household.

A message from Lookout

We know that finding affordable housing is challenging, and we understand the disappointment that can come with not meeting eligibility requirements. We appreciate hearing from our community and welcome questions from anyone seeking more information about Powell Horizon.

How to Apply

1. Make sure to check the eligility criteria above.
2. Fill out the application form.

Application Form

Visit one of the Open Houses

Click here for more information

Request a Viewing

⚠️Please note: all applicants must have their application submitted and their eligibility confirmed before requesting a viewing.

Viewings may be scheduled upon request. Please fill out the request form below and we will get in touch with you:

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315 Alderson Avenue
Coquitlam

315 Alderson Avenue is a new affordable rental housing development in Coquitlam that provides 71 homes for individuals, families, and seniors with low to moderate incomes. The project was created through a partnership between BC Housing and Lookout Housing and Health Society, with 31 units offered at below-market rents and additional affordable rental homes secured through the development. Located near Lougheed Town Centre and SkyTrain, the building offers modern amenities and stable, long-term housing to help residents remain in the community they call home.

Available units (as of October 9th)

Floor Plan	Rental Rate	Footage (sqft.)
3 Bedroom Click Here for Video Tour	$3,120	1062

Eligibility

Click here to read the Eligibility Criteria Document for this site.