B.C. Government to Fund 3,500 New Affordable Housing Units
The B.C. government has committed to funding 3,500 new affordable housing units across the province.
Housing Minister Ravi Kahlon said the money will come from the government’s $3.3-billion Community Housing Fund as the province deals with a “housing crisis.” He did not specify the amount of the latest investment.
“This is a significant step toward our goal of 20,000 CHF-funded homes by 2032, as our province increases its housing stock faster than ever so people have the homes they need now and into the future,” said Kahlon in a news release.
The government is inviting non-profits, First Nations, municipalities and other organizations to submit proposals until mid-November. Approvals are slated to be announced in early 2024.
“Project-development funding will also be available for projects that require further development to prepare them for the next CHF funding call,” said the province in its news release.
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