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Sun December 16 2018

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British Columbia to build almost 5,000 new homes

15 Nov A plan to build more than 4,900 rental homes has been announced as part of a housing programme in British Columbia (BC) in Canada.

The affordable mixed-income rental homes will be built in 42 communities as part of the Building BC: Community Housing Fund. The Building BC: Community Housing Fund, which involves a CA$1.9bn investment over 10 years, will build more than 14,000 affordable rental homes. These 4,900 homes, the first set of projects selected through this fund, will include both non-profits and co-ops, and will be built over the next two to three years.

Premier John Horgan said: “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.”

The new homes are designed to address the need for affordable housing across a range of income levels, in response to a housing crisis that has made housing unaffordable for even middle-class families.

The scheme will include homes for middle-income individuals and families, deeply subsidised rentals for seniors and others on fixed incomes, and homes for low-wage workers.

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