Bosa Properties launches foundation
Burnaby-based developer Bosa Properties has launched its own foundation to direct funding to the communities where its projects are built.
Bosa Properties Foundation will provide funding equal to $1,000 per home constructed back to the immediate community, focusing on housing support for low-income families and children's support organizations.
The foundation was announced at the company's groundbreaking ceremony Wednesday for the Lido, a tower at southeast False Creek in Vancouver, which will contribute $183,000 in recognition for the 183 units being built there.
"So, we’ve made a commitment to contribute a portion of the profits from each project we build back to the community that we build in, so the footprint that our buildings make is not only of architectural significance, but also of charitable significance," says a description of the foundation on the company's website.
The unique needs of each community will be considered when awarding grants.
"What’s more, our homeowners from each of our buildings will provide direction on how these funds are to be distributed from their project."
For more information on grant opportunities, visit firstname.lastname@example.org.