The Trust and BC Housing to create 225 new housing units.
People looking for a place to live in the Columbia Basin region will have access to new affordable rental housing, thanks to a partnership announced today between the B.C. government and the Columbia Basin Trust.
This new partnership will create a variety of new affordable housing options that address community priorities around the region such as rental units for seniors, at-risk youth and service workers.
The Province and the Trust will each provide $14 million over the next three years with a target to create 225 affordable rental housing units throughout the region.
Projects will be approved on a community-by-community basis and will address individual community affordable housing needs.
“Basin residents and communities told us affordable housing was a priority, and we’re excited to bring more resources into the region to address immediate housing needs in our communities,” said Johnny Strilaeff, president and CEO, Columbia Basin Trust. “We have helped create over 400 new affordable housing units in the past few years, many in partnership with BC Housing, and we are pleased to develop even more.”
The Trust and BC Housing will coordinate project development to leverage existing funding in the Columbia Basin and create new affordable housing units that will address varying community needs.
An Expression of Interest to communities for projects will be issued this month.
The B.C. government has set a target to create 114,000 new units of affordable housing throughout B.C. in partnership with local governments, the federal government, First Nations and Indigenous organizations and the private and non-profit housing sectors. To find out what the Province is doing to improve housing affordability, please visit: news.gov.bc.ca/factsheets/bc-government-addressing-housing-affordability-challenges
For more information about the Trust’s work in housing: ourtrust.org/housing
Article posted at Columbia Basin Trust