Media Contacts

Ministry of Housing and Municipal Affairs

Media Relations
hmamedia@gov.bc.ca

BC Housing

Media Relations
media@bchousing.org

Backgrounders

What to know about funding for the new homes
  • The Province, through BC Housing, contributed approximately $4.5 million to the project.
    • Approximately $3.5 million comes from the Building BC: Community Housing Fund and, on behalf of Canada Mortgage and Housing Corporation (CMHC), approximately $1 million from the Canada Community Housing Initiative, a federal funding program administered by BC Housing under a bilateral agreement.
  • The Province will also provide approximately $571,000 in annual operating funding.
  • CMHC also provided approximately $12.5 million from the Affordable Housing Fund, including an $11-million repayable loan and a $1.5-million grant.
  • Columbia Basin Trust provided a grant of approximately $942,000.
  • The Village of Fruitvale is leasing the land for the project to the Lower Columbia Affordable Housing Society at a nominal rate.