The BC government announced that Vancouver Island has eight projects on the way which are dedicated to affordable housing for renters.
This will bring a total of 867 new rentals to the market over the next few years.
These new units are the result of the third round of funding from BC’s Community Housing Fund (CHF).
According to the Province, the new affordable rentals will be run by non-profits, such as BC Housing and will be built with individuals, families, seniors, people living with disabilities and Indigenous people in mind.
“These projects will meet the diverse needs of residents throughout Vancouver Island, including seniors, growing families and intergenerational families who want [to] stay together in the neighbourhoods they love,” said Rob Fleming, MLA for Victoria-Swan Lake.
“Communities are telling us what they need and we’re listening—working hard to deliver the affordable homes they deserve as quickly as possible, while preparing for future growth.”
The Province made this announcement on Thursday, March 20th at the Luther Court Society’s Campus of Care on Cedar Hill X Road.
Adjacent to that property is the site in which the Luther Court Society will receive funding to build 95 units of affordable intergenerational housing.
The Community Housing Fund is one $3.3 billion piece of the $19 billion BC Builds investment by the BC government which has seen almost 78,000 homes built since 2017—8,400 of which are located on Vancouver Island.
