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More than 130 affordable rental homes open in Langford, Victoria

 

Housing Announcement

Langford Friday, February 17, 2023 11:00 AM

2782 Spencer Rd.:

  • The Province, through BC Housing, is providing $5.9 million through the Building BC: Community Housing Fund toward the $19.9-million project.
  • BC Housing will also provide an annual operating subsidy of approximately $268,000.
  • The Capital Regional District (CRD) purchased the land for the project.
  • The CRD is leasing the land to the Capital Regional Housing Corporation.
  • The Community Housing Fund is a 10-year, $1.9-billion investment to build more than 14,000 affordable rental homes for people with moderate or low incomes.
  • More than 9,000 of these homes are open, under construction or in development.

210 Gorge Rd.:

  • The development received $9 million through the Regional Housing First Program, an equal partnership agreement between the federal government (through Canada Mortgage and Housing Corporation), the B.C. government (through BC Housing) and the CRD. Other contributors include:
    • City of Victoria Housing Reserve Fund – $600,000
    • CRD Housing Trust Fund – $600,000
    • Victoria Cool Aid Society equity contribution – $450,000

This on BC Govt website go to the link here

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