BC invests $2 million for new housing project in VancouverStaff Writer | January 23, 2017
Seniors in Vancouver soon will have access to 137 new units of affordable rental housing.
New homes 137 units of rental housing
The Province will provide $2 million in capital funding for the project, which is expected to be completed by summer 2019.
BC Housing will work with the society to fully develop the project plans and ensure the proper rezoning and consultation is considered and confirmed before construction.
The EOI call was to solicit proposals under the Provincial Investment in Affordable Housing program, a $355-million investment by the B.C. government to create more than 2,000 affordable rental housing units throughout B.C.
In September 2016, the Province also announced a $500-million investment to create 2,900 new units of affordable housing, the largest housing investment in a single year by any province in Canada. ■