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B.C. town receives funding for affordable homes

JOC News Service
B.C. town receives funding for affordable homes
PROVINCE OF B.C. - A rendering shows plans for an affordable housing project in Oliver, B.C. The homes are being built with $4.6 million in funding from the province’s Building BC: Community Housing Fund.

Oliver, B.C. – Officials in B.C. have announced plans to build more than 40 new rental homes will in Oliver for families, seniors and people with disabilities.

“After years of neglect by the last government, many people in our province have struggled to find safe and affordable housing,” said Selina Robinson, Minister for Municipal Affairs and Housing in a media release. “We’re going to keep working hard, along with our community partners, like M’akola Housing Society, to build the homes that people need.”

The province will give M’akola Housing Society $4.6 million in funding from the Province’s Building BC: Community Housing Fund so it can construct 46 homes at 5931 Airport Rd. The project will include one, two-and three-bedroom units within a four-storey apartment building.

The homes are in response to the lack of affordable homes in the province. Approximately 30 per cent of the homes will be for middle-income households, 50 per cent will be for low- to moderate-income households and 20 per cent will be for households with low incomes.

Pending municipal approvals, construction for the project is expected to begin next spring.

This project is part of more than 22,000 new homes that are completed or underway throughout B.C. funded by provincial investments. This includes more than 5,000 homes in mixed-income buildings being developed through the Community Housing Fund.

“The Town of Oliver appreciates the investment the Province is making to provide for more affordable housing in Oliver,” said Martin Johansen, Oliver Mayor. “Council is grateful for this development to provide more safe, affordable and accessible homes for our community members. The strongest communities are those that offer a range of housing options to meet the needs of people.”

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