A new affordable housing development intended for people with low-moderate incomes has just been completed in Langford, according to the Ministry of Municipal Affairs and Housing.
The development, Millstream Ridge, is located on 713 and 715 Treanor Avenue, and consists of 132-units split between two six-storey rental buildings.
According to the ministry, 30 of the 132 apartments will be reserved for people who can live independently with supports, meaning that rent will match the current provincial income assistance shelter rate.
Meanwhile, 37 of the remaining apartments will be “affordable rental units” and 65 will be rented at “near-market rental rates”.
Tenancy applications for the affordable and near-market units are now being accepted by the Capital Region Housing Corporation.
“Millstream Ridge’s mixed-market approach is a common-sense solution to Langford’s housing affordability challenges, and I am certain these safe and affordable homes will have a positive effect on residents and the community for generations to come,” said Jean-Yves Duclos, federal Minister of Families, Children, and Social Development in a release.
The affordable housing development is part of the federal and provincial $90-million Regional Housing First Program, which is set to create 2000 affordable rental units on Southern Vancouver Island and the Gulf Islands.