A dozen ageing townhouses will be replaced with 82 rental homes for families, seniors and people with disabilities in Colwood, after an announcement from the province Friday morning.
In a partnership with Pacifica Housing and the city, the rentals are for low-to-moderate income households in the Colwood Lakes neighbourhood in the 2000-block of Sooke Road near the downtown core.
The new building is expected to be completed in the summer of 2019 and the province is providing $8.4 million in capital funding and $10.2 million for construction.
Colwood is contributing $328,000 through the city’s affordable housing reserve fund and Pacifica Housing is providing the land that is valued at $4 million.
Homes will have varying sizes from studios to three-bedroom units and rent is projected to be between $825 and $1,575 per month.
Pacifica Housing will operate the complex.