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

Victoria gets new collegiate baseball team, training facility

Golden Tide coach wants to see as many local kids play for the HarbourCats as possible

Severe thunderstorm watch in effect for Greater Victoria

Thunderstorm may produce strong wind gusts, large hail and heavy rain, warns Environment Canada

Sooke couple that owned Sooke Harbour House given $4 million after lengthy court case

B.C. Supreme Court rules in favour of Frederique and Sinclair Philip

Local MP Elizabeth May likes aspects of throne speech, but questions execution

According to May nobody is as ‘reckless’ as BC’s John Horgan in dismissing snap election

Sooke councillor pitches another way to improve transit

Coun. Jeff Bateman wants free passes for youth on local routes

B.C. reports 91 new cases as officials remain worried over ‘clusters of COVID-19

There have now been a total of 8,395 cases in B.C. since the pandemic began

Canada’s active COVID-19 cases top 10,000 as daily new cases triple over the past month

Dr. Tam repeated her warning to young people, who have made up the majority of recent cases

First 8 months of fatal overdoses in B.C. have now exceeded 2019 death toll

Nine people died every two days in August, BC Coroners Service data shows

Is it time to start thinking about greener ways to package cannabis?

Packaging suppliers are still figuring eco-friendly and affordable packaging options that fit the mandates of Cannabis Regulations

Liberal effort to reset policy agenda panned by rivals as too much talk, not action

Trudeau said it’s ‘all too likely’ families won’t be able to gather for Thanksgiving next month

Join Black Press Media and Do Some Good

Pay it Forward program supports local businesses in their community giving

‘Show us the money’ for cannabis, local governments tell B.C.

Municipal tax, transit revenues falling as costs rise

Cops for Cancer: COVID-19 can’t stop Tour de Rock

‘having the chance to come back and ride this year means everything to me’

People ‘disgusted’ by COVID-19 election call, B.C. Liberal leader says

Andrew Wilkinson speaks to municipal leaders from Victoria

Most Read