The B.C. government provided $5.2 million for this project through the Building BC: Community Housing Fund, which is a $1.9-billion investment over 10 years to build more than 14,000 mixed-income rental homes throughout the province. Nearly 5,200 of these homes are in development and under construction.

• The Province is also providing approximately $670,000 in annual operating funding to make these homes more affordable.
• Projects built under the Community Housing Fund will reflect the following mix of incomes:
  • 30% of the units will be for middle-income households, with annual incomes up to approximately $107,000.
  • 50% of the units will be for a range of low- to moderate-income households with annual incomes below the housing income limits, ranging from $21,000 to $96,000. (Housing income limits represent the income needed to pay the average market rent in a specific community.)
  • 20% of the units will be for households with low incomes, which are up to $30,000 annually.
• The monthly rental rates for this project are:
  • Eleven units for people with low incomes (i.e., seniors on fixed incomes and people receiving income assistance): $375 (one-bedroom) to $660 (three-bedroom).
  • Twenty-six rent geared to income units (people with low to moderate incomes): $420 (one-bedroom) to $660 (three-bedroom).
  • Fifteen middle-income units: $825 (one-bedroom) to $1,150 (three-bedroom).

The B.C. government is working in partnership to build 114,000 affordable homes that cover the full spectrum of housing needs for British Columbians by 2028.

Budget 2018 included a $7-billion investment in the homes people need. As a result of that investment, more than 22,000 new homes are completed, under construction or in the approvals process for a range of people who are struggling to find a place to live, from people who are experiencing homelessness and seniors on fixed incomes, to middle-income families, students and individuals. As of Aug. 31, 2019, this includes:

Housing for middle-income earners (households with annual incomes between $50,000 and $150,000) – approximately 4,120 homes:

• Building BC: Community Housing Fund: approximately 1,500 rental homes for people with middle incomes.
• HousingHub: approximately 2,620 homes.

Housing for people with low to moderate incomes (including some where rents are based on 30% of household income and others with set rents, which are designed to be affordable; to moderate-income households, in most cases earning less than $70,000 annually) – approximately 9,320 homes:

• Building BC: Community Housing Fund: approximately 3,700 rental homes for people with low to moderate incomes.
• Affordable Rental Housing Program: nearly 1,600 homes for low to moderate incomes.
• Deepening Affordability Fund: more than 2,150 homes for low to moderate incomes.
• Building BC: Indigenous Housing Fund: approximately 1,170 homes for Indigenous peoples, on- and off-reserve.
• Regional Housing First Program: approximately 700 homes for people with low to moderate incomes.

Housing for people experiencing or at risk of homelessness (shelter-rate housing) – approximately 3,060 homes:

• Rapid Response to Homelessness: 2,064 homes with 24/7 support.
• Building BC: Supportive Housing Fund: approximately 800 homes with 24/7 support.
• Regional Housing First Program: approximately 200 homes for those ready to live independently with supports.

Housing for women and children leaving violence – approximately 360 homes:

• Building BC: Women’s Transition Housing Fund: approximately 360 spaces of transition, second-stage and affordable rental housing for women and children leaving violence.

Housing for students – approximately 5,600 homes:

• BC Student Housing Loan Program: approximately 2,700 on-campus student housing units are underway or in the approvals process.
• Nearly 2,900 student housing units are also underway or in development through partnerships with post-secondary institutions.

Total: approximately 22,460 homes