Almost 200 affordable rental homes coming to Kamloops

Marco Green
November 14, 2018

The units will include both non-profit and co-operative housing and are created to address affordable-housing needs for a range of income levels in 42 communities, the government says in a statement. The B.C. government will spend approximately $492 million on the new projects.

"We want a range of people to have access to this new affordable housing", says Housing Minister Selina Robinson. When the government released its 30-point housing plan, it promised almost 37,000 new homes through direct government funding. A total of 10 projects - 1,101 homes - will be built in Vancouver.

The first wave of new homes is expected to be constructed over the next two to three years. The remainder of the units is targeted toward those on middle incomes.

"So projects will include a mix of rent levels, including deep subsidy units for those on low incomes". About 1,500 homes will be built in the Vancouver area, 1,400 in the Fraser Valley, 1,300 on Vancouver Island and the Gulf Islands, and a combined 750 in the Interior and north. The housing complexes will include non-profit and co-op options.

"These new, affordable rental homes are an important step toward addressing the housing crisis and giving families in every part of the province a break from skyrocketing housing costs", stated premier John Horgan.

Middle-income families in communities across the province - including here in Kamloops - may have a better shot at securing affordable housing.

The projects were selected through a request for proposals, which was issued on April 18 and closed on September 18, 2018.

Vancouver Mayor Kennedy Stewart called the announcement a "landmark investment". A 40-home project in Merritt has received $4 million in funding for seniors homes through ASK Wellness.

Investments will also be made for housing for individuals and families.

The province says this first set of projects selected through the $1.9 billion Building BC: Community Housing Fund.

Last month, it announced about 280 homes for women and children fleeing violence, and another 1,100 homes are underway under other initiatives.

"Non-profit housing partners are hard at work turning these dollars into homes and are committed to ensuring that what is affordable in our sector today, will remain affordable for generations to come".

An interactive map shows the locations of all 72 projects announced Tuesday.

Other reports by Click Lancashire

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