The Government of B.C. and the City of Kamloops announced today an agreement to create up to 98 new affordable rental housing units at three city-owned properties for those with low to moderate incomes in Kamloops.
The Province will arrange construction financing to help develop the buildings and the city will contribute the land. The three properties are located at 1685 and 1940 Pacific Way, and 1050 McMurdo St.
A Request for Proposals will be issued this summer for non-profit housing societies to design, construct and operate the affordable housing projects. Provincial funding will be determined once qualified societies are selected.
Todd Stone, Minister of Transportation and Infrastructure and MLA for Kamloops-South Thompson -
“The B.C. government is making a significant commitment to help increase affordable housing options for families and individuals in need by partnering with the City of Kamloops and local community groups to develop new housing. Agreements like this help build stronger, healthier communities and can change the lives of the people who will call these places home.”
Mayor Peter Milobar, City of Kamloops -
“It’s one of Council's primary goals to work toward increasing our community’s affordable housing stock and reducing homelessness in Kamloops. This Memorandum of Understanding with the Province allows us to move forward in achieving that goal, as well as meeting objectives set out in the Sustainable Kamloops Plan, Official Community Plan and Kamloops Social Plan.”
- Since 2001, the B.C. government has invested $4.4 billion to provide affordable housing for low-income individuals, seniors and families.
- This year, more than 102,000 B.C. households will benefit from provincial social housing programs and services.
- Last year, the B.C. government invested over $7.6 million to provide subsidized housing and rent supplements for 1,839 Kamloops households.
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City of Kamloops