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

Bella Coola RCMP appeal for public’s help in wake of suspicious fires

Four suspicious fires in the span of four months prompted local RCMP to bring in fire specialist

UBCM passes historic resolution brought forth by CCRD

If the resolution is successfully realized, it will mean groundbreaking change for local governments

Municipal spending outpaces population growth 4-fold in B.C.: report

Canadian Federation of Independent Business has released its annual operational spending report

Series of suspicious fires prompt Bella Coola RCMP to bring in special investigator

Police investigate four fires set between June and Sept. in 4-Mile

B.C. parents leery of HPV cervical cancer vaccine

Provincial registration uptake among lowest in Canada

U.S. congressman issues dire warning to Canada’s NAFTA team: time is running out

Canadian Foreign Affairs Minister Chrystia Freeland is expected to resume talks with the U.S.

New political party holds an informational session in Vernon

Maxime Bernier’s The People’s Party of Canada draws about 2o interested patrons to Vernon pub.

B.C. MLAs reminded of rural school struggles

Finance committee hears of falling enrolment, staff shortages

B.C. VIEWS: ’Not photo radar’ coming soon to high-crash areas

ICBC deficit now largely due to reckless and distracted driving

Researchers tag great white shark in Atlantic Canada

Information will be used to learn more about where white sharks move in Canadian waters

Mix-up of bodies leads to funeral home reforms in Nova Scotia

One woman was was mistakenly cremated, another was embalmed and presented to family members during a visitation that went horribly wrong

B.C. RCMP turn to Const. Scarecrow to shock speeders into slowing down

New addition will watch over drivers from a Coquitlam median for first-of-its-kind pilot in Canada

Cyclists finish North America trip to highlight Ukraine struggle

The 10,000 bike ride raised over $10,000 for victims of the war in Ukraine.

21 new paramedics promised for B.C. Interior

A total of 18 new full-time paramedics will be hired for Kamloops and three are being hired for Chase.

Most Read