PARKSVILLE, B.C. — Construction has started on a new housing development in Parksville, B.C. that will create 87 affordable rental homes for families, seniors and people living with disabilities with moderate and low incomes.
“These homes will go a long way to addressing the critical need for affordable housing in Parksville,” said Adam Walker, MLA for Parksville-Qualicum, in a statement. “I look forward to seeing the difference these new rental homes will have on the lives of the families and seniors that will call this place home.”
The project is being built at 360 Moilliet St. S. A portion of the homes will target people who have been commuting into town for work because they can’t find affordable housing in Parksville.
The new development will consist of eight three-bedroom townhomes and a 79-unit apartment building with one- and two-bedroom options.
The province will contribute $9.5 million to the project through the Building BC: Community Housing Fund and will provide approximately $598,000 in annual operational funding. The City of Parksville and the Regional District of Nanaimo waived development costs totalling $725,000 for the development.
To help preserve the large mature trees and provide natural stormwater management, a 0.5-hectare parkland on the building site is being protected as park space.
The building will be operated by the Nanaimo Affordable Housing Society, which will have onsite office space.