Capital Region Housing Corporation Releases 2016 Annual Report

Mar 30, 2017

Victoria, BC– The Capital Region Housing Corporation (CRHC) Annual Report was released at the CRHC Annual General Meeting, March 28, 2017. The report outlines progress on the key strategic priorities of increasing production of affordable housing stock and delivery of tenant services, as identified by the CRHC Board.

“The funding secured to build an affordable housing development, the initiatives to increase tenant wellbeing and the achievements outlined in the annual report show we are well on our way to achieving the goals of the 2016-2019 Strategic Priorities,” said CRHC Board Chair, David Screech.

As part of the 2016 focus on engaging with tenants, the CRHC conducted a tenant satisfaction survey with CRHC residents. Results indicated that 90% of residents were satisfied or very satisfied with the services they receive through the CRHC.

Accomplishments include:

  • Funding announcement for a new 73-unit affordable housing development at the Mount View Campus of Care site on Carey Road, Saanich
  • Completion of the Building Envelope Remediation at the Heathers community on Tillicum Road, Saanich
  • Installation of a commercial kitchen at the Parry Place Independent Living Seniors Residence in James Bay, Victoria
  • Initiation of the “Connections” program to increase CRHC senior residents’ participation in healthy activities. This program was funded through the Union of BC Municipalities

At the close of 2016, the CRHC is in a solid financial position. The Corporation receives no operating subsidy from regional taxpayers: 75% of the funding is generated from tenant revenue and 25% from federal and provincial operating agreements.

An overview of projects, accomplishments and financial highlights can be found in the 2016 Annual Report.

The Capital Region Housing Corporation (CRHC) is a wholly-owned, non-profit corporation of the CRD, developing and managing affordable housing for low income families, seniors and persons living with disabilities across the capital region. The CRHC has 45 buildings and townhouse communities in seven municipalities. Of the 1286 units, 70% are rent geared to income and 30% are below market.

The CRD delivers regional, sub-regional and local services to 13 municipalities and three electoral areas on southern Vancouver Island and the Gulf Islands. Governed by a 24-member Board of Directors, the CRD works collaboratively with First Nations and all levels of government to enable sustainable growth, foster community well-being, and develop cost-effective infrastructure while continuing to provide core services to residents throughout the region. Visit us online at www.crd.bc.ca.

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For media inquiries, please contact:
Andy Orr, Senior Manager
CRD Corporate Communications
Tel: 250.360.3229
Cell: 250.216.5492