B.C. Municipal Affairs and Housing Minister Selina Robinson (Black Press Media files)

B.C. to invest $492 million in affordable homes

72 new projects are part of a 10-year, $1.9-billion strategy

Thousands more seniors and families will soon have a place to live following a nearly half-billion-dollar government investment in 72 new affordable housing projects.

About 4,900 units will be built in 42 communities across B.C. as part of the province’s 10-year Community Housing Fund.

READ MORE: Seniors, families focus of B.C. rental housing fund

Premier John Horgan and Housing Minister Selina Robinson made the announcement standing in front of Vancouver’s Chelsea Gardens, which will get $10.2 million for 102 homes for individuals, families and seniors.

“The project will include a mix of rent levels, including deep subsidy units for people with low income, like seniors on fixed income,” Robinson said.

Housing is also coming for low- to moderate-income families, such as people who work in the retail or service sector, she added, as well as for middle-income people like nurses, teachers and first responders.

Vancouver will see 10 projects and 1,101 homes, while Victoria will get five projects and 588 homes.

Jill Atkey, the CEO for the BC Non-Profit Housing Association, said it’s important that Tuesday’s announcement is part of the long-term strategy to build 14,000 homes over 10 years.

“Spending more than you can afford on rent is the new normal,” Atkey said.

“One-third of British Columbians are renters and almost half of them are spending more than half of their income on rent, and almost one-in-five are spending more than 60 per cent of their income on rent.”

List of newly-approved housing projects in B.C. by Kat Slepian on Scribd


@katslepian

katya.slepian@bpdigital.ca

Like us on Facebook and follow us on Twitter.

Just Posted

B.C. BUDGET: Surplus $374 million after bailouts of BC Hydro, ICBC

Growth projected stronger in 2020, Finance Minister Carole James says

Opinion: The Second Street development might be a problem – but it’s not council’s problem

Reporter Kate Saylors writes about the common misconception surrounding a BC Housing development.

What’s happening for Family Day in the Boundary

Activities in and around Grand Forks offer something for everyone.

Call a foul on cancer with the Pink Whistle Campaign

Local basketball referees are raising money for cancer research

Petition on Second Street project presented to council

Over 1,000 signatures were gathered, but staff say council can’t do much about the project.

‘Riya was a dreamer’: Mother of slain 11-year-old Ontario girl heartbroken

Her father, Roopesh Rajkumar, 41, was arrested some 130 kilometres away

Market volatility, mortgages loom over upcoming earnings of Canada’s big banks

Central bank interest hikes have padded the banks’ net interest margins

Hearings into SNC-Lavalin affair start today, but not with Wilson-Raybould

She has repeatedly cited solicitor-client privilege to refuse all comment

VIDEO: 8 things you need to know about the 2019 B.C. budget

Surplus of $247 million with spending on children, affordability and infrastructure

Tilray to acquire hemp food company Manitoba Harvest for up to $419 million

Tilray will pay $150 million in cash and $127.5 million in stock.

Tears, flowers at impromptu memorial for Syrian children killed in Halifax fire

The family had only lived in the Quartz Drive home for a few months

NDP candidates push for stronger climate action as Singh supports LNG Canada

Singh has tried to project unity in the party while facing internal criticism for poor fundraising and low support in the polls

‘Bullet missed me by an inch’: Man recounts friend’s killing at Kamloops hotel

Penticton man witnessed Summerland resident Rex Gill’s murder in Kamloops

B.C. BUDGET: Income assistance raise still leaves many below poverty line

$50 per month increase included in funding for poverty and homelessness reduction

Most Read