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B.C. funds 2,000 new affordable homes for renters in Metro Vancouver

Darpan News Desk The Canadian Press, 20 Mar, 2024 09:38 AM

Seventeen new housing projects are set to add nearly 2,000 new affordable homes for renters in Metro Vancouver through British Columbia's community housing fund.

Premier David Eby made the announcement at a construction site in Surrey, B.C., on Tuesday, saying the latest intake of the Building BC Community Housing Fund will bring new homes to every region in the province.

British Columbians have been hit hard by the housing crisis, and even if you earn a decent income, finding a reasonable place to live is a challenge. Instead of helping people, the previous government chose to prioritize those at the top. We’re doing things differently.

(1/2) pic.twitter.com/NtsG23OLMX
— David Eby (@Dave_Eby) March 20, 2024

The premier says the projects in Metro Vancouver range from town houses to multi-unit developments, providing homes for families, seniors, former youth in care and women fleeing violence.

Jill Atkey, the CEO of the BC Non-Profit Housing Association, says the rental housing crisis touches every corner of the province and the latest 1,954 units will provide homes for thousands of people for generations to come.

The housing fund was established in 2018 with a target of providing more than 20,000 affordable rental homes by 2032 for those with moderate and low incomes.

More than 40 new projects have been approved so far, and officials say additional developments will be announced later this week on Vancouver Island, in the Interior and northern B.C.

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