New affordable homes coming to Fernie

September 14, 2020 at 12:30 pm  BC, News, Politics

The B.C. government is working in partnership to build 114,000 affordable homes that cover the full spectrum of housing needs for British Columbians by 2028.

Budget 2018 included a $7-billion investment in the homes people need. As a result of that investment, more than 23,000 new homes are complete, under construction or in the approvals process for a range of people who are struggling to find a place to live, from people who are experiencing homelessness and seniors on fixed incomes, to middle-income families, students and individuals. As of Dec. 31, 2019, this includes:

Housing for people with middle incomes

The average annual household income qualifying for homes underway is under $99,000 per year:

Housing for people with low to moderate incomes

This includes people residing in social housing (household incomes less than $65,000), as well as those living in affordable market rentals (households with annual incomes up to $74,000) – 9,837 homes:

Affordable market:

  • Building BC: Community Housing Fund (30% of units in each project): 1,565 rental homes for people with low to moderate incomes
  • Affordable Rental Housing Program: 1,615 homes for people with low to moderate incomes
  • Deepening Affordability Fund: 1,976 homes for people with low to moderate incomes
  • Regional Housing First Program: 907 homes for people with low to moderate incomes

Social housing or subsidized rents:

  • Building BC: Community Housing Fund (50% of units in each project): 2,609 rental homes for people with low incomes
  • Building BC: Indigenous Housing Fund: 1,165 homes for Indigenous peoples, on- and off-reserve

Housing for people with very low incomes

Rental housing for people experiencing or at risk of homelessness, or for people with very low incomes (includes supportive housing and shelter-rate housing) – 4,795 homes:

  • Rapid Response to Homelessness: 2,012 homes with 24/7 support
  • Building BC: Supportive Housing Fund: 1,060 homes with 24/7 support
  • Building BC: Women’s Transition Housing Fund: 679 spaces of transition, second-stage and affordable rental housing for women and children leaving violence
  • Building BC: Community Housing Fund (20% of units in each project): 1,044 homes

Housing for students – 5,584 homes:

  • BC Student Housing Loan Program: 2,699 on-campus student housing units are under construction, in development or in the approvals process
  • 2,885 student housing units are also complete, under construction or in development through partnerships with post-secondary institutions

Total: 23,018 homes

View the full article from the original source

No conversations yet

Activity Stream

Wed, Dec 8, 2021 at 9:00 am - Doug Smith posted on their blog: A Sage Rain Dance – Kamloops Trails
Mon, Dec 6, 2021 at 9:00 am - Doug Smith posted on their blog: An Outer Inks Ramble – Kamloops Trails
Fri, Dec 3, 2021 at 9:00 am - Doug Smith posted on their blog: Rose Hill Trails – Kamloops Trails
Tue, Nov 30, 2021 at 4:54 pm - David Suzuki posted on their blog: Big, small or in between, wild animals should not be pets
Tue, Nov 30, 2021 at 8:33 am - Doug Smith posted on their blog: Mount Parke Trails – Kamloops Trails
Sat, Nov 27, 2021 at 9:00 am - Doug Smith posted on their blog: Clapperton Hill Traverse – Kamloops Trails
Wed, Nov 24, 2021 at 8:50 am - Doug Smith posted on their blog: Trails on the East Side of Lac le Jeune
Tue, Nov 23, 2021 at 5:00 pm - David Suzuki posted on their blog: Where do we go from COP26?
Sun, Nov 21, 2021 at 9:00 am - Doug Smith posted on their blog: White Lake Lookout – Kamloops Trails
Thu, Nov 18, 2021 at 12:00 pm - David Suzuki posted on their blog: It will take more than electric cars to drive down emissions
Full Stream