Nearly 900 affordable homes coming to Vancouver Island

Nearly 900 affordable homes coming to Vancouver Island

The Ministry of Housing says 867 homes are coming to Vancouver Island through a partnership with non-profit housing providers.

The minster says eight new projects have been selected through a Community Housing Fund (CHF) which would provide 867 affordable homes to renters.

“We’re doing the work to ensure that there are affordable new homes for a wide range of people, from seniors on fixed incomes to growing families,” wrote Housing Minister Ravi Kahlon in a press release.

Under the program, residents in 70 per cent of the units pay rent geared to income, generally based on 30 per cent of household income. The remaining 30 per cent of units are rented at or below market rates.

One of those projects is a 95-unit intergenerational housing site at Luther Court Society’s Campus of Care in Saanich. The society received funding through the CHF which will also come with community support space.

“This program will support an important need in our community. We are grateful to the Province, through BC Housing, for recognizing the value of this program and selecting Luther Court to provide it,” said Susan Bansgrove, board chair of the Luther Court Society.

Through BC Housing, the province has found more than 40 new housing projects that will move forward, bringing around 3,500 affordable rentals throughout B.C.

Currently, the Ministry of Housing says 12,500 affordable rentals are open or underway.

Oli HerreraOli Herrera

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