The BC NDP government has just announced that they will be building over 4,900 new mixed-income rental homes in 42 communities across the province.
The province will provide $492 million to fund the new homes, and plans to work with the selected communities to finalize the projects over the next few months.
“Years of inaction on the B.C. housing crisis left families struggling to get by and unable to get ahead,” said Premier John Horgan.
“These new, affordable rental homes are an important step toward addressing the housing crisis and giving families in every part of the province a break from skyrocketing housing costs.”
The move is a part of their new Building BC: Community Housing Fund which promises a $1.9 billion investment over 10 years for affordable housing projects.
The properties will cater to middle-income families, subsidized rentals for fixed income individuals, and low-wage workers.
1,220 homes will be built on Vancouver Island, with 588 in Victoria and an additional 54 in the Gulf Islands.
Breakdown of new rental homes slated for Vancouver Island:
- Bowser: 1 project / 22 homes
- $2.2 million to Bowser Seniors Housing Society – 22 homes for seniors
- Campbell River: 1 project / 40 homes
- $4.7 million to Campbell River and North Island Transition Society – 40 homes for women and their families
- Cortes Island: 1 project / 4 homes • $400,000 to Cortes Island Seniors Society – 4 homes for seniors
- Esquimalt: 2 projects / 161 homes
- $13.7 million to Greater Victoria Housing Society – 137 homes for families and seniors
- $2.4 million to Rogers Court Society – 24 homes for families and seniors
- Hornby Island: 1 project / 26 homes
- $2.6 million to Hornby Island Housing Society – 26 homes for families, seniors and workers
- Ladysmith: 1 project / 36 homes
- $3.6 million to Ladysmith Resource Centre Association – 36 homes for people with disabilities, families and seniors
- Langford: 1 project / 80 homes
- $8 million to Pacifica Housing – 80 homes for families, seniors and people with disabilities
- Nanaimo: 3 projects / 121 homes
- $3.6 million to Nanaimo Affordable Housing Society – 36 homes for families and seniors
- $2.3 million to Vancouver Island Mental Health – 23 homes for people with mental health and addiction challenges
- $6.2 million to Woodgrove Senior Citizens Housing – 62 homes for seniors
- Port Alberni: 2 projects / 87 homes
- $4.7 million to Alberni Low Energy Housing Society – 47 homes for individuals, families and seniors
- $4 million to West Coast Native Health Care Society – 40 homes for individuals and families with a focus on Indigenous people
- Saanich: 1 project / 85 homes
- $8.5 million to Dawson Heights Housing Ltd. – 85 homes for seniors
- Salt Spring Island: 1 project / 24 homes
- $2.4 million to Salt Spring Island Community Services – 24 homes for families
- Victoria: 5 projects / 588 homes
- $15.5 million to Capital Region Housing Corporation – 155 homes for individuals, families, seniors and people with disabilities
- $15.7 million to Cool Aid Society – 157 homes for families and seniors
- $19 million to Pacifica Housing – 130 homes for Indigenous people, seniors and women and children fleeing violence
- $8.8 million to Pacifica Housing – 88 homes for individuals, families and seniors
- $5.8 million to the Gorge View Society – 58 homes for families and seniors