Provincial funding of $5 million will bring 55 new affordable-rental homes for people with low and moderate incomes at a proposed housing development in Port Moody.

Following the September 2016 announcement of a $500-million investment in affordable rental housing, the B.C. government has selected Catalyst Community Developments Society, in partnership with St. Andrews United Church, to receive the capital funding for a housing project at 2318 St. Johns St.

BC Housing will work with the groups to fully develop the project plans and ensure the proper rezoning and consultation is considered and confirmed before construction.

Construction is expected to begin in early 2018, with completion projected for fall 2019.

Quotes:

Linda Reimer, MLA for Port Moody-Coquitlam –

“The funding that the Province has put towards affordable housing projects such as this and many others, demonstrates our government’s commitment to improving the quality of life for all British Columbians, including those in Port Moody who will benefit from this project.”

Robert Brown, Catalyst Community Developments Society –

“We are very excited to be working with St Andrews United Church and other community partners to deliver much needed below-market rental housing for the community of Port Moody. The commitment of this funding from the Province will help make this proposed project a reality.” 

Julie Lebrun, St. Andrews United Church, Port Moody –

“By working with Catalyst and other community partners we are able to create much needed below-market rental housing for people in Port Moody. By working together we accomplish much more than any one organization working alone. We are grateful for the commitment of this funding from the Province to help make this proposed project possible as we continue to live out our mission to serve the community of Port Moody.”

Quick Facts:

• Since 2001, the B.C. government has invested $4.9 billion to provide affordable housing for low-income individuals, seniors and families.
• More than 104,000 B.C. households benefit from a diverse range of provincial housing programs and services.
• Last year, the Province invested approximately $1.3 million to provide subsidized housing and rent supplements for more than 300 households in Port Moody.

Learn More:

To learn more about the Province's actions on housing affordability, visit: http://housingaction.gov.bc.ca/