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鈥檚 10-year Community Housing Fund.
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Premier John Horgan and Housing Minister Selina Robinson made the announcement standing in front of Vancouver鈥檚 Chelsea Gardens, which will get $10.2 million for 102 homes for individuals, families and seniors.
鈥淭he project will include a mix of rent levels, including deep subsidy units for people with low income, like seniors on fixed income,鈥� 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.
This is not new money, just newly approved projects. This is part of the govt's 10-year $1.9B Building BC: Community Housing Fund. Today's investment is worth $492M.
鈥� Kat Slepian (@katslepian)
Here are the 42 communities where the housing will be built:
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鈥檚 important that Tuesday鈥檚 announcement is part of the long-term strategy to build 14,000 homes over 10 years.
鈥淪pending more than you can afford on rent is the new normal,鈥� Atkey said.
鈥淥ne-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.鈥�
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