114 New affordable housing units are slated to be built within the Basin. “We know that communities are healthier and more vibrant when residents have access to safe and affordable housing. We’re excited to see these projects develop and look forward to making a real difference in people’s lives.” – Johnny Strilaeff, President and CEO” The Trust is Providing $2.5 million toward units in Aq’am, Fruitvale, Kaslo, New Denver, Sparwood and Valemount.
More than 2,600 new affordable rental homes are coming for people with moderate and low incomes in 42 communities throughout the province.
A total of 50 new projects have been selected through the Building BC: Community Housing Fund (CHF). The fund will provide approximately 2,645 rental homes for individuals, families, seniors, people with disabilities and Indigenous peoples throughout the province.
“Every one of the affordable homes announced today are desperately needed and will change the life course for thousands of individuals and families in the decades ahead,” said Jill Atkey, CEO, BC Non-Profit Housing Association. “The community housing sector looks forward to working with municipal partners to ensure these new homes are built as quickly as possible.”
The CHF supports mixed-income buildings. These projects have:
50% of the units for households with annual incomes up to $64,000;
30% of the units for households with incomes up to approximately $74,000; and
20% of the units for households with very low incomes (including those on income or disability assistance).
More than 1,000 of the new homes will be for Indigenous individuals, families and Elders.
“The Aboriginal Management Housing Association (AMHA) is thrilled to see that out of the 50 projects approved for the CHF, 21 are Indigenous-led projects,” said Margaret Pfoh, CEO, AMHA. “Each of the successful housing developments will enhance and foster a broader sense of community for all future tenants. Indigenous housing issues require Indigenous solutions, and we congratulate each society for leading the change we need to see in our province. In order to move forward in reconciliation, it is crucial British Columbia continues to prioritize the unique housing barriers faced by Indigenous peoples.”
The CHF is part of the Province’s 10-year, $7-billion housing plan. It is an investment of $1.9 billion to build more than 14,000 affordable rental homes for moderate- and low-income families and individuals over 10 years. Three and a half years in, more than 8,800 of these homes are already open, under construction or in development.
These new projects are being funded through the second intake of the CHF.
Twenty-three projects, consisting of approximately 1,170 homes, were announced in 2020. This brings the total number of homes announced during this intake to more than 3,800.
A map showing the location of all announced provincially funded housing projects in B.C. is available online: https://www.bchousing.org/homes-for-BC
To learn about the steps the Province is taking to tackle the housing crisis and deliver affordable homes for British Columbians, visit: https://workingforyou.gov.bc.ca/
Province of BC