Vernon is among 42 cities getting provincial funding to build affordable mixed income rental homes.
Premier John Horgan says the new homes will be for a range of income levels, and will held address the crisis that has made housing unaffordable for even middle-class families.
“Years of inaction on the B.C. housing crisis left families struggling to get by and unable to get ahead,” said Horgan. “These new, affordable rental homes are an important step toward addressing the housing crisis and giving families in every part of the province a break from skyrocketing housing costs.”
Vernon is getting a total of 7.8 million dollars for three projects totalling 78 homes under the Community Housing Fund.
The funding will go to the Vernon branch of the Canadian Mental Health Association, the Vernon and District Community Land Trust, and the Vernon Pensioners Accommodation Society.
Kelowna is in line for over 7 million dollars from the BC government’s plan to provide more affordable housing for mixed income earners.
The NOW Canada Society will get 4 million dollars to build 40 homes for families, seniors and women with children, and 3 million to the City of Kelowna to build 33 family homes.
The Province’s new Building BC: Community Housing Fund, a $1.9-billion investment over 10 years, will build more than 14,000 affordable rental homes for seniors, families and low-and middle-income earners, with many to include child care.
These 4,900 homes, the first set of projects selected through this fund, will include both non-profits and co-ops, and will be built over the next two to three years.