Families and single people with low to moderate incomes will benefit from a new 132-unit affordable housing development just completed in Langford.
Millstream Ridge is a partnership between the Government of Canada, the Province of British Columbia and the Capital Regional District (CRD) and consists of two six-storey rental buildings at 713 and 715 Treanor Ave. New occupants are expected to move in on March 1, 2019.
Thirty of the 132 apartments are funded by the Regional Housing First Program, for people who can live independently with supports. Rents match the current provincial income assistance shelter rates.
The building includes 37 affordable rental units and 65 units at near-market rental rates. Tenancy applications for the affordable and near-market units are being accepted by the Capital Region Housing Corporation that operates the buildings.
This energy-efficient project will consume 13.2% less energy and produce 9.4% fewer greenhouse gases than similar buildings, which will further reduce the cost of operating and utility expenses for tenants.
The $90-million Regional Housing First Program is an equal partnership agreement between CRD, the B.C. government through BC Housing and the federal government though the Canada Mortgage and Housing Corporation. The program was initiated to create more affordable rental housing and address the needs of people experiencing homelessness in the capital region.
- The Regional Housing First Program partnership is expected to create up to 2,000 rental units.
- 20% of the units will be rented at provincial income assistance rates within projects that will include at least 31% affordable rental units and up to 49% near-market rental units on southern Vancouver Island and the Gulf Islands.
- This housing development brings the total number of projects supported by the Regional Housing First Program to seven, which will create 760 units:
- Langford – three projects (Millstream Ridge, Hockley, Spencer) 382 units
- Salt Spring Island – one project (Croftonbrook) 52 units
- Sooke – two projects (Drennan, Throup) 244 units
- Victoria – one project (Cedar Grove) 82 units
- Millstream Ridge, combined with the six previously announced projects, brings the estimated Regional Housing First Program’s contribution amount to $44 million of the $90-million total.
- Supportive housing is based on the Housing First model – a proven strategy helping many people find and maintain stable homes, improving their quality of life, and reducing their use of health and social services in the long term. This improvement on the old treatment-only approach is supported by research and real-world results, including an extensive four-year study across Canada
- National Housing Strategy
- Read Homes for B.C., government’s 30-point plan to address housing affordability for British Columbians
- Regional Housing First Program