# Connective and Anthem Preserve 178 Affordable Homes

> Connective and Anthem Properties secure 178 affordable rental homes in Burnaby under non-profit ownership.
- Title: Connective and Anthem Preserve 178 Affordable Homes | Shortify
- Summary: Connective and Anthem Properties secure 178 affordable rental homes in Burnaby under non-profit ownership. Connective and Anthem Properties preserved 178…
- Keywords: connective, anthem properties, burnaby, affordable housing, non-profit ownership, rental homes, money, business, Anthem, Preserve, 178, Affordable
- Source: Financialpost — https://financialpost.com/globe-newswire/connective-and-anthem-properties-preserve-178-affordable-rental-homes-in-burnaby
- Read time: 1 min
- Topics: connective, anthem properties, burnaby, affordable housing, non-profit ownership, rental homes, bc, money, business
## Preservation Deal
Connective and Anthem Properties preserve 178 affordable rental homes in Burnaby under long-term non-profit ownership.
## Homes Secured
The transaction includes The Standard, a 92-unit rental building, and Nuvo, an 86-unit rental building where all homes are offered at rents 20 per cent below CMHC median market rent.
## Full Tenancy
Both buildings are fully tenanted with strong demand from the outset.
## Affordability Impact
The homes are offered at rents 20 per cent below CMHC median market rent, ensuring long-term affordability.
## Partnership Strength
Connective provides long-term affordable housing expertise while Anthem offers development and delivery capabilities.
## Portfolio Expansion
The acquisition expands Connective’s affordable housing portfolio to more than 725 homes and marks an important step in growth in Burnaby.
## Key takeaway

Connective and Anthem Properties preserved 178 affordable rental homes in Burnaby through long-term non-profit ownership.