–BC Gov News on SPN
Individuals, seniors and families in need of affordable rental housing in the Greater Victoria region will soon have access to more than 500 new units of affordable housing.
Following the September 2016 announcement of a $500-million investment in affordable rental housing, the British Columbia government has announced details of eight new provincially-funded housing projects in the region, totalling 510 units.
Forty of those units have been designated for Sooke. The B.C. government has selected Knox Vision Society to receive $5.5 million in capital funding toward a project providing 40 units for low- to moderate-income adults, families and seniors. Construction is expected to begin in spring 2017, with completion projected for early 2018.
The Province has committed more than $45 million in capital funding toward the projects.
BC Housing staff will work with the successful proponents to fully develop the project plans and ensure the proper rezoning and consultation is considered and confirmed before construction begins.
The B.C. government will continue to work on additional measures in the coming months to address housing affordability and supply challenges. These actions will align with the Province’s six principles of housing affordability:
- Ensuring the dream of home ownership remains within the reach of the middle class
- Increasing housing supply
- Smart transit expansion
- Supporting first-time home buyers
- Ensuring consumer protection
- Increasing rental supply
- To learn more about the Province’s actions on housing affordability, visit here
- To learn more about the B.C. government’s housing investments in Victoria, go here
- To read the original release, go here
More about the Knox Vision Society:
- Housing Study: Senior Supportive Housing, Sooke BC
- Amendment: Knox Centre Comprehensive Development Zone, 2013, and Bylaw 577