Twenty-five new affordable homes open in Vernon Updated April 20, 2023

Vernon Wednesday, April 19, 2023, 4:00 PM

The Village at Okanagan Landing

  • BC Housing invested $1.55 million through the Building BC: Community Housing Fund for the project and will provide an annual operating subsidy of approximately $112,000.
  • The City of Vernon waived $128,624 of municipal development fees.

4005 Pleasant Valley Road

  • BC Housing invested $1.2 million through the Community Housing Fund, as well as an annual operating subsidy of approximately $94,000, toward the project.
  • The federal government invested $540,000 through the Canada Community Housing Initiative, which is part of the Canada Mortgage and Housing Corporation-British Columbia bilateral National Housing Strategy agreement.
  • The City of Vernon waived $130,720​ of municipal development fees.

Canada’s National Housing Strategy (NHS)

  • The NHS is a 10-year, more than $82-billion plan that will give more Canadians a place to call home.
    • NHS is built on strong partnerships between the federal, provincial and territorial governments, and continuous engagement with others, including municipalities, Indigenous governments and organizations, and the social and private housing sectors. This includes consultations with Canadians from all walks of life, and people with lived experience of housing need.
    • All NHS investments delivered by the federal, provincial, and territorial governments will respect the key principles of NHS that support partnerships, people, and communities.

This is on the BC Govt website go to the link here

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