A host of new suites for low-to-middle income seniors are being constructed on Salt Spring Island.
This project features an expansion of the existing Croftonbrook development at 132 Corbett Road, adding 22 new units to the housing complex.
See also: Province announces 130 new units of mixed-income housing in downtown Victoria
Once the expansion is complete, seniors will have access to 10 studio units and 12 one-bedroom units with rent priced at varying levels.
“This is such a wonderful announcement, and I raise my hands to everyone who helped make it happen,” said Adam Olsen, MLA for Saanich North and the Islands.
“With more affordable, accessible homes that allow seniors to stay on Salt Spring, our community is made richer and more vibrant. The safety and security of a comfortable home is a human right and I am grateful we have begun to chip away at the housing crisis.”
Here’s a breakdown of what the rent will be:
- four units for seniors with low incomes: $375,
- 11 rent-geared-to-income units (seniors with low to moderate incomes): approximately $500 (studios) to approximately $640 (one-bedroom),
- seven middle-income units: approximately $975.
Each floor of the two-storey building will have a laundry room and common room.
Residents can also access a larger common building on site that is currently used by those who live in the existing 20 seniors’ units.
Funding
The building will be owned and operated by the Islanders Working Against Violence Society, with funding of $2.2 million from the Building BC: Community Housing Fund, and $4.5 million in construction financing and annual operating funding for the project.
Land and equity worth a total of $1,272,000 was provided by the society for the new building.
Further, the CRD is providing $144,000 through the Regional Housing Trust Fund and $100,000 through the Community Works Fund (CWF).
According to the province, the latter investment will lead to conservation benefits, such as a 30% reduction in water demand for the project.
The province is also working to construct 24 affordable townhomes for low- to moderate-income families on Salt Spring Island at 176 Bishops Walk Road.
