More low- and middle-income affordable housing on its way across B.C.

Province announces 4,900 new affordable rental homes for mixed-income residents, including 196 units in North Vancouver

The province’s affordable housing program will fund the construction of 4,900 new mixed-income rental units in 42 communities across the province, the B.C. NDP government announced at a media conference November 13.

Each of the new rental buildings created under the program will include a mix of homes for varying income levels. This will include “deeply subsidized” rentals for seniors and those on fixed incomes, affordable rentals for low- to moderate-income workers such as those in the service industries, and affordable rentals for middle-income earners such as nurses, first responders and teachers.

article continues below

The 4,900 homes will be built under the provincial government’s $1.9 billion Community Housing Fund, which aims to build a total of 14,000 affordable rental homes over 10 years. This in turn is part of the province's 10-year commitment to build 114,000 affordable homes for British Columbians, which also includes social housing, supportive housing, shelter homes, student housing and owner-purchase units.

This initial set of affordable rental projects, which has already gone through a request-for-proposals process, will be built by non-profit housing and co-ops over the next two to three years, according to the province. The 4,900 homes will cost the province around $492 million of its $1.9 billion fund.

North Vancouver will get 196 of those homes, in two projects:

• $10.6 million to Kiwanis North Shore Housing Society – 106 homes for individuals and families; and

• $9 million to Sanford Affordable housing and Hollyburn Family Services Society – 90 homes for individuals and families. 

A full list of the first set of approved affordable housing projects across B.C. can be found here.

Selina Robinson, Minister of Municipal Affairs and Housing, said, “People and businesses are struggling under the weight of the housing crisis in B.C. Through the Community Housing Fund, we are building housing so that growing families, aging seniors and low- to moderate-income individuals can afford homes in the communities they live and work in. These new homes will have life-changing impacts for people and communities right across the province.”

Read Related Topics

© North Shore News
Sign up for the North Shore News FREE digital newsletter to receive top headlines from each issue in your Inbox.

Report a Typo or Error

Comments

NOTE: To post a comment you must have an account with at least one of the following services: Disqus, Facebook, Twitter, Google+ You may then login using your account credentials for that service. If you do not already have an account you may register a new profile with Disqus by first clicking the "Post as" button and then the link: "Don't have one? Register a new profile".

The North Shore News welcomes your opinions and comments. We do not allow personal attacks, offensive language or unsubstantiated allegations. We reserve the right to edit comments for length, style, legality and taste and reproduce them in print, electronic or otherwise. For further information, please contact the editor or publisher, or see our Terms and Conditions.

comments powered by Disqus

Popular Real Estate

Popular News

Community Events Calendar