| Project Type |
Housing |
| Project Status |
Construction |
| Project Area |
Central Saanich |
| Estimated Cost |
$18,900,000 |
Description
The Capital Regional District (CRD) is acquiring a 51-unit affordable housing building at 7612 East Saanich Road in Central Saanich which will be leased to the Capital Region Housing Corporation (CRHC). The building will be operated by CRHC and will include 41 units for tenants with low to moderate incomes. Ten units will be rented at provincial income assistance rates under the Regional Housing First Program (RHFP). The provincial income assistance units will be offered to individuals who have experienced homelessness and are ready to live independently. The rent for these units will be set at the provincial income assistance rate ($375 per month).
Proposed Features include:
- 8 studio units
- 31 1-bedroom units
- 12 2-bedroom units
- Underground parking
- Designed and constructed to achieve BC Energy Step Code - Step 2
- Close to Centennial Park and Saanichton Village
- Public transportation adjacent to the property
- Anticipated occupancy in May 2023
The project budget is $18,900,000. Grant funding has been approved for the Prosser Road project to ensure units can be rented at affordable rates based on income.