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Government of Canada to give $150 million for B.C. housing

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Staff writer ▼ | June 28, 2016
The Government of Canada is investing an additional $150 million over the next two years to help British Columbians in need access affordable housing.
British Columbia house
Affordable   An addition to the $63 million
The funding is in addition to the $63 million joint annual funding provided by the governments of Canada and British Columbia under the Investment in Affordable Housing agreement to help create more affordable housing options in B.C.

The new federal government funding includes:

- $25.2 million to support the construction, repair and adaption of affordable housing for seniors

- $10.9 million to support the construction and renovation of shelters and transition houses for victims of family violence

- $50.9 million to help address the increasing demand for repairs as social housing units age and to improve efficiency and reduce energy and water use.

The federal and provincial governments are providing more than $9 million through the Investment in Affordable Housing initiative for the construction of 54 new rental apartments for women and children. The building, sponsored by Atira Women's Resource Society, is expected to open later this year.

Jean-Yves Duclos, Minister of Families, Children and Social Development and Minister Responsible for Canada Mortgage and Housing Corporation said "All Canadians need and deserve housing that is safe, adequate and affordable. Through new investments in housing, the Government is helping to strengthen the economy and improve the quality of life for families and seniors, providing better places to live and grow."

Rich Coleman, Deputy Premier, Minister of Natural Gas Development and Minister Responsible for Housing said "The Province is partnering with the federal government to build and renovate more affordable and supportive housing for British Columbians.

"We will be working with communities throughout the province to identify specific housing needs and determine where the additional funding will be distributed."


 

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