Premier John Horgan announces 4,900 new affordable rental homes on the way in the province, committing $492 million. Photo courtesy Twitter/BC Non-Profit Housing Society.
The province says 42 communities will see new affordable mixed-income rental homes, with 20 projects planned on Vancouver Island.
B.C. Premier John Horgan and Municipal Affairs Minister Selina Robinson launched a series of affordable housing projects, with 1,274 of the 4,900 new homes earmarked for the Island.
In a release Tuesday morning, the government said it is committing $492 million to deliver the projects designed to address housing affordability across a range of income levels and a housing crisis for middle-class families.
The first set of selected undertakings will see five projects in Victoria, three in Nanaimo and two each in Esquimalt and Port Alberni.
There will be one project each for Saanich, Campbell River, Bowser, Ladysmith, Langford and for Salt Spring Island, Hornby Island and Cortes Island.
Help is on the way for middle-income families in 42 communities as the Province moves forward with more than 4,900 new affordable mixed-income rental homes as part of the Building BC: Community Housing Fund.
READ MORE: https://t.co/Qmzx9jLcHN pic.twitter.com/v4KpFgggdK— BC Housing (@BC_Housing) November 13, 2018
The province says this first set of projects selected through the $1.9 billion Building BC: Community Housing Fund.
The 10-year investment plans to build more than 14,000 units for seniors, families and low-and-middle-income earners, with many to include childcare.
The first wave of new homes is expected to be constructed over the next two to three years.
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