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

    Yoyoe Lu

    Founder and managing principal
    yoyoe@claridgeadvisors.com

    Yoyoe is the founder and managing principal of Claridge. She was ranked one of Vancouver’s top real estate agents. Currently, Yoyoe is our strategic mind leading the team to success. Her affiliation with industry professionals put her ahead of our competitors. Yoyoe is also part of the Rotary Club of West Vancouver, Canadian Homebuilders Association, Urban Land Institute and Urban Development Institute.

    Ashley Osborn

    Development Site and Investment Specialist
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    Ashely is our lead land and investment advisor. He has been consistently featured in the annual top 100 real estate deals of British Columbia ranking. With over $15 billion worth of domestic and international real estate investments under his belt, Ashley is one of the top agents in the province. His 20 years of real estate and financial experience make him a master in negotiation and acquisition.

    Patricia Wong Chong

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    Patricia is our investment and retail leasing advisor. Her experience in brokerage and market research analysis has helped her comprise over $550 million in commercial real estate transactions. Patricia is responsible, detail-oriented, and professional. Her strong work ethic and positive attitude have led her to surpass all her competitors.

    Schumann Li

    Land Assembly & Residential Specialist
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    Schumann is a top-producing realtor in the Lower Mainland with more than 30 years’ experience. Over the years, Schumann hasn’t just garnered awards, but the trust of countless customers. Her clients continually refer to her outstanding professionalism, work ethic and poise.

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    Whether it’s decoding city policies, strategizing relocation plans, home sellers looking for a trustworthy advisor to unlock their property’s maximum potential- Wendy is here to help every step along the way.

    Prior to real estate, Wendy spent over a decade in the mining industry with her attention to detail, keen negotiation skills, extensive network and strong reputation for getting the deal done, bringing endless value to her current real estate clients.

    Whether you are thinking about selling to a developer, or have more questions about commercial real estate, Wendy invites you to connect, to see how she can utilize her expertise and team to help create value and maximize your real estate goals.

    Simon Chan

    Managing Broker
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    Simon is the managing broker of Claridge Real Estate Advisors Inc. His expertise has helped our agents resolve many difficulties. Not only is Simon knowledgeable with real estate legislation, but he is also very detail orientated. With Simon on our team, our agents are confident to conduct businesses and will always get the support they need to ensure they’re not walking on dirty water.

    Frank Zhou

    Analyst
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    As the analyst of the company, my key job is to help brokers to find marketable clients and locate feasible development sites by collecting and analyzing up-to-date market transaction data and conducting target market and property-level research. Meanwhile, I am also in charge of maintaining the company’s property database to ensure accuracy and comprehensiveness and continuously upgrading the level of knowledge by staying up to date with hot topics, and market trends, and incorporating findings into everyday work. Before joining the company, I worked for CR Group as a real estate investment manager, focusing on capital raising, equity and debt financing, acquisition and renovation. I hold 2 master’s degrees, one in Housing Management and the other in Economics.

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