After successfully transforming the Capri Motel into below-market rental units, the Greater Victoria Housing Society has its eye on the motel next door, at 35-39 Gorge Rd. E.
The society is now asking for a $680,000 grant from the City of Victoria, equalling a $10,000 grant per unit. Due in part to the society’s track record, the city’s department of sustainability recommends approving the request. Thirty-five units would be rented for 80 per cent below market rate, while the remaining units would rent for market rate.
The city’s housing fund has a balance of $1.2 million.
Council is scheduled to review the request at a governance and priorities meeting Thursday.