Some more good news for Greater Victoria!
As a part of BC’s Community Housing Fund (CHF), CRD and The Capital Region Housing Corporation CRHC have released further information regarding affordable housing developments in the city.
CRHC in particular has received funding for four of the affordable rental projects, which will enable them to build 593 new homes.
Two of the approved projects that have been highlighted include Brentwood Bay Village in Central Saanich and the Nellie McClung Greater Victoria Public Library (GVPL) location in Saanich.
“This is sensational news for the region,” said Zac de Vries, CRHC Chair.
“This partnership funding allows us to quickly advance these projects, to work with local governments where the developments have been identified and, most importantly, bring these much-needed affordable rental homes to the region.”
The District of Saanich has partnered with CRHC for the redevelopment of the Nellie McClung GVPL site, located at 3950 Cedar Hill Road.
This is a huge initiative that will bring a larger library for surrounding residents, as well as an additional 200 rental homes located above it.
This proposed development is still in the preliminary stages and the next steps in planning include working in support of the District of Saanich to begin rezoning.
The Brentwood Bay Village development will include the CRD, CRHC and the District of Central Saanich—all working towards bringing a total of 110 new homes and around 2000 square feet of commercial space that the CRHC is proposing to use as daycare.
“The CRHC is constantly working to both protect and preserve its existing housing, while also looking at opportunities to provide more affordable homes to those in-need through redevelopment,” said de Vries.
“We know how impactful it may be for affected households, which is why CRHC staff will be working closely with those households at all key stages of the redevelopment process to support them through their upcoming transitions.”
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.
, CRD and The Capital Region Housing Corporation CRHC have released further information regarding affordable housing developments in the city. ){kind=link}