Victoria, BC - Today, the Capital Regional District (CRD) Board gave approval to grant funding in the amount of $270,000 to Capital Regional Housing Corporation (CRHC) to develop and construct 18 units of affordable rental accommodations on the Mount View Heights site located on Carey Road in Saanich. In addition, the CRD Board of Directors also approved a capital grant in the amount of $370,000 to the partnership of the Greater Victoria Housing Society and the Greater Victoria Rental Development Society to develop a 52 unit, four storey family housing complex on Gorge Road. Combined, these decisions have resulted in $640,000 in funding assistance for the development of an additional 70 affordable housing units in the Capital Region.
"A capital grant of $370,000 from the CRD towards this initiative assists in providing quality rental housing for families in need and contributes to increasing the diversity of family housing in our region.” said CRD Board Chair Geoff Young.
“This unique rental housing project is being developed by two societies, to create a social enterprise of affordable housing, that does not require ongoing government subsidies and will hopefully generate similar projects in the future.” said Kaye Melliship, Executive Director of the Greater Victoria Housing Society.
The City of Victoria has previously announced a similar amount of capital grant funding of $370,000 for this proposal. Over the next several months the design and construction details will be finalized for an anticipated construction start in October 2010.
Carey Road – Mount View Heights Site
The site, originally acquired by the Capital Regional Hospital District, was rezoned by the Municipality of Saanich for the development of Campus of Care, a supportive and affordable family and seniors housing complex, and other uses such as public parklands.
"The CRD's funding support of $270,000 towards this initiative supports the regional priority to increase affordable housing supply in the region,” said CRD Regional Housing Trust Fund Chair Christopher Causton, “It will also complement the other projects under development on the site while providing affordable rental housing to families.”
“This townhouse project will provide an affordable rental opportunity to families earning in the range of $25,000-$56,000 annually and increase the total number of much needed affordable housing units available in the region.” said Capital Regional Housing Corporation Board Chair Charlayne Thornton-Joe. The project is presently in the design stage with the assistance of Chow Low Hammond Architects and is scheduled for construction start in February 2011.
The CRHC currently owns and operates 44 affordable housing buildings around the region, providing 1246 units of housing. The CRHC continues to expand its portfolio of affordable housing in the region and the construction of new, quality housing will help ensure that residents in the region have access to safe, affordable, accessible and appropriate housing.
For more information on the Capital Regional Housing Corporation.
For more information on the CRD Regional Housing Trust Fund.
For further information please contact:
Andy Orr, Senior Manager, Corporate Communications
Capital Regional District