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B.C. announces nearly 2,000 affordable homes for Metro Vancouver

B.C. announces nearly 2,000 affordable homes for Metro Vancouver

SURREY, B.C. – The Government of British Columbia has announced nearly 2,000 homes in Metro Vancouver are in the works via the Building BC: Community Housing Fund (CHF).

Seventeen new projects for Metro Vancouver have been selected through the third intake of the fund and the proposed projects will provide a total of 1,954 affordable rental homes for individuals, families, seniors, people living with disabilities and Indigenous people, a B.C. government release said.

The announcement took place at 7567-140 St. in Surrey, B.C. at the future site of an affordable housing project that will be operated by the Kekinow Native Housing Society. The project is expected to be completed in late spring 2024, and the project previously received CHF funding for phase two of the development to build more than 100 homes for Indigenous people. 

Including these projects, the province has, through BC Housing, identified more than 40 new projects to move forward, totalling approximately 3,500 affordable rental homes, the release said.

The CHF is a $3.3-billion investment that targets to build more than 20,000 affordable rental homes for people with moderate- and low-income households by 2031-32. BC Housing is supporting non-profit housing providers to prepare for future CHF funding calls, with the next call expected in late 2024 or early 2025.

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