BC: Community Housing Fund Has Selected 50 New Projects to Fund for Affordable Housing

BC: Community Housing Fund Has Selected 50 New Projects to Fund for Affordable Housing

    June 15, 2021

    BC: Community Housing Fund (CHF) is the province’s 10-years, $7 billion housing plan with a goal to develop more than 14,000 affordable rental homes for moderate- and low-income families.

    For the year of 2021 CHF has selected 50 New Projects to fund to build more than 2,600 affordable homes in 42 communities. 1,000 of those homes will be for indigenous people.

    The CHF supports mixed-income buildings. These projects have:

    • 50% of the units for households with annual incomes up to $64,000;
    • 30% of the units for households with incomes up to approximately $74,000; and
    • 20% of the units for households with very low incomes (including those on income or disability assistance).

    “These new homes mean that thousands of families, seniors and Indigenous peoples in our province will enjoy safe, new, affordable homes,” said David Eby, Attorney General and Minister Responsible for Housing. “These homes are part of the nearly 30,000 affordable homes now complete or underway in every corner of the province, building on the significant momentum as we recover from more than a decade of underinvestment in housing by the old government. We’re making good progress in addressing the housing crisis for all British Columbians, and there’s more to do.”

    “The Aboriginal Management Housing Association (AMHA) is thrilled to see that out of the 50 projects approved for the CHF, 21 are Indigenous-led projects,” said Margaret Pfoh, CEO, AMHA. “Each of the successful housing developments will enhance and foster a broader sense of community for all future tenants. Indigenous housing issues require Indigenous solutions, and we congratulate each society for leading the change we need to see in our province. In order to move forward in reconciliation, it is crucial British Columbia continues to prioritize the unique housing barriers faced by Indigenous peoples.”


    Source: BC Government