The people living at the Little Mountain subsidized housing development will be allowed to stay on-site as all 224 units are demolished.

Ten units are currently occupied, the rest are boarded up at Vancouver’s oldest public housing development.

In a joint release, the Vancouver and B.C. governments said all units at the 15-acre site, next to Queen Elizabeth Park, will be replaced as part of a mixed-use development project.

The social housing component of the project will be built first.

Half of the proceeds from the sale and redevelopment of Little Mountain will be used to fund other social housing projects in and around Vancouver, the other half will go toward social housing elsewhere in B.C.