Rental accommodation is hard to find in many B.C. communities. (Flickr)

Seniors, families focus of B.C. rental housing fund

Target of 14,000 new non-profit units over the next 10 years

Premier John Horgan parcelled out a $1.89 billion share of the B.C. government’s decade-long housing plan Wednesday, to assist municipalities and non-profits to add 14,000 new rental units around the province.

The provincial agency B.C. Housing is issuing requests for proposals to identify partners, including co-ops, to develop mixed income rental projects. The priority will be low- and middle-income seniors and families who need larger rental accommodations, Horgan said.

The new community housing fund will require participating agencies and municipalities to provide 50 per cent of units for households with incomes ranging from $21,000 to $95,000, depending on the community and the size of the unit. Rents for those units will be based on the Canada Mortgage and Housing Corporation definition of affordability, which is at or below 30 per cent of household income.

Another 20 per cent are to be designated to low income, including those receiving income assistance, with incomes of $15,000 to $30,000.

That leaves 30 per cent of units for households with “moderate incomes,” defined as up to $71,200 for homes with fewer than two bedrooms and up to $104,000 for homes with two or more bedrooms.

The NDP government’s total housing commitment in its February budget is $7 billion. Housing Minister Selina Robinson said other segments to be announced will focus on aboriginal housing and options for women leaving abusive relationships.

The housing fund aims to meet the B.C. NDP’s 2017 election commitment to provide 114,000 new residential units in 10 years. The government’s initial investment last fall was for modular housing units deployed to municipalities with tent camps and temporary shelters.

BC legislaturerental market

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

A fare fight: Passenger arrested after refusing to pay Victoria cab driver

Woman taken into police custody after arguing with cab driver

Teachers wear red Friday for National Day of Public Education

The day ends with a rally at Minister of Education’s office

Loose pets in the car can cost $109 fine, says Saanich cop, plus ICBC points

Unsecured pets at risk of injury, can lead to hefty fines

Weather cancelled 0.22 per cent of scheduled BC Ferries sailings in 2019

2012 was the worst for weather-related cancellations with 0.5 per cent

Lawyer gets house arrest for possessing child porn

Maple Ridge resident gets nine-month term

Notorious B.C. fugitive to be extradited from California on murder charge

Brandon Nathan Teixeira submitted to extradition during court proceedings Thursday in Sacramento

Canada prepared to monitor for community spread of COVID-19: Tam

The U.S. confirmed one case of the new coronavirus, or COVID-19, in California Thursday

Decade-long health care battle draws to a close today in B.C.

Dr. Brian Day began his battle a decade ago against the B.C. government

Conservative MP questions whether rail blockades constitute terrorism

Crown-Indigenous Relations Minister Carolyn Bennett travelled to B.C. to meet Indigenous leaders

Lawsuit over African mine can be heard in British Columbia: Supreme Court

B.C. courts dismissed Nevsun’s attempts to make Eritrea the forum for any lawsuit proceedings

Greater Victoria Crime Stoppers wanted list for the week of Feb. 25

Greater Victoria Crime Stoppers is seeking the public’s help in locating the… Continue reading

Most Read