Funding has been announced for the first of more than 14,000 new affordable rental homes in B.C. where the proponents are non-profits and co-ops.
In Ladysmith, the Ladysmith Resource Centre Association is getting 3 point 6 million dollars to build 36 homes for people with disabilities, for families and seniors.
On Salt Spring Island the Salt Spring Island Community Services organization is getting 2 point 4 million dollars to build 24 homes for families.
Jill Atkey, CEO, BC Non-Profit Housing Association said what’s also critical is that the non-profit organization, housing co-op or municipal housing provider will be responsible for the operations of the homes.
“That these investments are coming into the community housing sector through non-profits and co-ops right across B.C. is critical, because what’s affordable in the sector today, remains affordable for generations to come.”
The money is coming from the Province’s new Building BC Community Housing Fund which will invest one point 9 billion dollars over the next decade.
4,900 homes throughout the province are the first to be approved and were selected based on the impact the project will have on the community.
