A new affordable housing project in Parksville is now open for seniors, veterans and people living with disabilities.
The building, which is located at 360 and 364 Moilliet St. includes eight three-bedroom townhouses and 79 apartments, with an offering of one, two and three bedroom units.
“This development will be life changing for the people who will call it home, giving them a secure, affordable place to call their own,” says B.C. Minister of Housing Ravi Kahlon.
Parksville-Qualicum MLA Adam Walker says the project is a welcomed addition to the community and that the area looks forward to more developments like it in the future.
“These homes are the first provincially subsidized rental homes to be built in Parksville in many years,” Walker said.
Ballenas Housing Society will own and operate the building, which will feature 60 units where rent will be 30 per cent of the household income, with 17 of those units for those on very low incomes.
The remaining units will be rented out at market rates, starting at $1,360 for a one-bedroom unit, $1,487 for a one-bedroom-plus-den unit, $1,742 for a two-bedroom unit and $2,422 for a three-bedroom townhome.
“We are grateful for the support we received from the City of Parksville, Canada Mortgage and Housing Corporation, BC Housing, the Regional District of Nanaimo and community members,” says Ballenas CEO Andrea Blakeman.
“It makes a significant difference when many layers of support come together from all levels of government to the local community.”
The project is part of a $19 million investment by the provincial government. Since 2017, there have been 76,000 new homes either built or with construction underway, with 200 in Parksville alone.