B.C., Ottawa sign nearly $1-billion housing agreement

10-year deal will help build and repair social and low-income homes

Families scrambling for housing in B.C. could soon have an easier time finding affordable homes, following a $990-million bilateral agreement signed by the province and Ottawa Tuesday.

The 10-year agreement, which begins next April, will “protect, renew and expand social and community housing, and will support the priorities related to housing repair, construction, and affordability” outline in the province’s Homes for B.C. plan.

The 30-point plan was outlined by provincial finance minister Carol James in February.

A provincial spokesperson said that the $990 million will be cost shared 50-50 between the two levels of government and will preserve close to 35,000 social housing and community housing units in B.C. for people with low-moderate incomes.

The funds will also expand the number of rent-assisted units.

The province said it will be developing “three-year action plans” starting in 2019-2020 to establish “mutually agreed targets>.”

Neither B.C. nor Ottawa have released a copy of the bilateral agreement.

Thom Armstrong, the executive director for the Co-operative Housing Federation of BC, called the money an “unparalleled commitment” to housing in the province.

“Knowing that there is stable, ongoing funding for the next decade will allow our sectors to move forward on improving existing housing and pursuing innovative partnerships to create thousands of new homes,” Armstrong added.


@katslepian

katya.slepian@bpdigital.ca

Like us on Facebook and follow us on Twitter.

Just Posted

Shadow Ridge links celebrate 30th anniversary

Kelowna golf course looks to overcome adversity

Line-up announced for RCMP Musial Ride in Kelowna

The family friendly event takes place August 9

Neighbours jump into action after grass fire ignites 10 feet from Kelowna home

Multiple fire halls responded to a grass fire on the 800 block of Mount Royal Drive.

UBC researchers uncover new ways to reduce opioid abuse

Nanotechnologies can help screen patients and classify at-risk people

Update: More lightning forecast as storm sparks 38 new wildfires in B.C.

22 new fires in are burning in the Kamloops Fire Centre according to the BC Wildfire Service.

VIDEO: Vernon residents quick to jump on lightning fire

Thanks to the residents’ efforts, crews were able to quickly suppress the fire.

One year later: Still no suspects in killing of 13-year-old B.C. girl

Marrisa Shen was killed in Burnaby’s Central Park on July 18, 2017

Pike Mountain fire still out of control but did not grow overnight

Twenty-two new blazes reported in Kamloops Fire Centre Tuesday

BC Games opening ceremonies promise to be magical

Features Shane Koyczan and his band, Asani, parade of athletes, and lots more

VIDEO: Toronto Raptors send DeMar DeRozan to Spurs in colossal NBA trade

Toronto also sent Jakob Poeltl and 2019 first-round pick, gets Kawhi Leonard and Danny Green

Banff’s bathroom bears returned to the park after 15 months of rehab in Ontario

Black bears, now yearlings, were sent to the Aspen Valley Wildlife Sanctuary in Ontario last April

‘Recovery high schools,’ per diems urged to better manage addiction in B.C.

BC Centre for Substance Use says focus needs to shift to from overdose prevention to long-term care

UPDATED: Four small wildfires reported near Revelstoke following Tuesday night storm

Four new wildfires are currently burning near Revelstoke following Tuesday night’s lightning… Continue reading

Most Read