Media Contacts

Ministry of Housing and Municipal Affairs

Media Relations
hmamedia@gov.bc.ca

BC Housing

Media Relations
media@bchousing.org

Ministry of Health

Media Relations
250-952-1887

Backgrounders

What to know about partner contributions to Park Seniors Housing, Foundry in Terrace

The Province provided capital funding and annual operating funding to support the seniors’ housing and Foundry Terrace project.

Park Seniors Housing, 4805 Park Ave.

  • The Province, through BC Housing, provided:
    • nearly $5 million from the Building BC: Community Housing Fund
    • a $3‑million cost pressures grant
    • approximately $615,000 in annual operating funding for the homes
  • Terrace & District Community Services Society contributed the land, valued at approximately $570,000, and approximately $2.3 million in cash equity.

Foundry Terrace, 3221 Eby St.

  • The Province, through the Ministry of Health, provided $1.5 million in one-time start-up funding to establish Foundry Terrace.
  • The Province is also providing approximately $800,000 in annual funding toward operations and service delivery at Foundry Terrace.