Office of the Premier

Province details half-a-billion dollars in affordable housing

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Office of the Premier

Province details half-a-billion dollars in affordable housing

Media Contacts
Stephen Smart
Press Secretary Office of the Premier 778 389-6202
Lindsay Byers
Ministry of Natural Gas Development and Responsible for Housing 250 952-0617
Laura Mathews
BC Housing 604 454-5426
Media Contacts
Stephen Smart
Press Secretary Office of the Premier 778 389-6202
Lindsay Byers
Ministry of Natural Gas Development and Responsible for Housing 250 952-0617
Laura Mathews
BC Housing 604 454-5426

Backgrounders

Community breakdown of projects approved for $516 million

Lower Mainland / Fraser Valley – 22 projects / 1,441 units

  • Burnaby – 3 projects / 202 units
  • Chilliwack – 2 projects / 115 units
  • Richmond – 1 projects / 160 units
  • Surrey – 5 projects / 326 units
  • Vancouver – 10 projects / 611 units
  • Whistler – 1 project / 27 units

Vancouver Island / Gulf Islands – 18 projects / 774 units

  • Campbell River – 1 project / 21 units
  • Colwood – 1 project / 104 units
  • Courtenay – 2 projects / 38 units
  • Langford – 1 project / 64 units
  • Nanaimo – 4 projects / 153 units
  • Port Alberni – 2 projects / 36 units
  • Saanich – 3 projects / 140 units
  • Sooke – 1 project / 40 units
  • Victoria – 2 projects / 162 units
  • Quadra Island – 1 project / 16 units

Coast – 8 projects / 172 units

  • Madeira Park – 1 project / 14 units
  • Powell River – 1 project / 27 units
  • Port Edward – 1 project / 8 units
  • Port Simpson – 2 projects / 18 units
  • Prince Rupert – 2 projects / 60 units
  • Terrace – 1 project / 45 units

Thompson-Okanagan – 9 projects / 256 units

  • Clearwater – 1 project / 26 units
  • Kelowna – 4 projects / 131 units
  • Keremeos – 2 projects / 24 units
  • Okanagan Falls – 1 project / 35 units
  • Penticton – 1 project / 40 units

Kootenay – 5 projects / 86 units

  • Creston – 1 project / 9 units
  • Kimberley – 1 project / 8 units
  • Nakusp – 1 project / 9 units
  • Nelson – 1 project/ 48 units
  • Slocan Valley – 1 project / 12 units

Cariboo – 2 projects / 68 units

  • Quesnel – 2 projects / 68 units

North / Northeast – 2 projects / 31 units

  • Fort St. James – 1 project / 16 units
  • Smithers – 1 project / 15 units

Details of additional projects totalling 69 units in Kamloops and Prince George will be announced within the next week.

Total: 68 projects / 2,897 units

For additional details of each project, please visit: http://www.bchousing.org/Media/NR/2016/11/21/12228_1611211114-875

Funding breakdown for affordable housing projects

Funding for the 68 projects will be provided from two provincial affordable housing programs announced this year.

Investment in Housing Innovation ($500 million):

On Sept. 19, 2016, the B.C. government announced $500 million to create approximately 2,900 units of affordable rental housing.

A total of 53 projects (2,404 units) have been approved for funding representing a $437 million investment.

Provincial Investment In Affordable Housing Program ($355 million):

On Feb. 12, 2016, the Province announced $355 million for construction and renovation of more than 2,000 units of affordable rental housing. The funds will be distributed over a five year period.

A total of 15 projects (493 units) have been approved for funding representing a $79 million investment.

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