Victoria, BC–- The Capital Region Housing Corporation (CRHC) released its Annual Report today. The report outlines progress on strategic priorities identified by the CRHC Board, such as providing affordable housing and delivering tenant services.
“The CRHC Board of Directors is mid-way through the 2016–2019 Strategic Plan that ensures the CRHC is proactive and responsive to current and future regional affordable housing needs and expectations,” said CRHC Board Chair, David Screech. “With the achievements outlined in the plan, we are well on our way to achieving our goals.”
Major initiatives in 2017 include the successful completion of the Tenant Engagement Pilot Project and progress on the Westview housing development. Both examples demonstrate how the CRHC serves the region through its two key areas of focus: looking inward to be better landlords and looking outward to increase affordable housing across the region.
Highlights of other accomplishments include:
- Feasibility planning for three developments/redevelopment projects;
- Increased partnerships with community organizations to enhance the quality of life of CRHC tenants; and
- Over $2 million of improvements to the CRHC housing stock including the installation of a new roof at Carillon Place.
An overview of 2017 projects, accomplishments and financial highlights can be found in the 2017 Annual Report.
The CRHC is a wholly-owned, non-profit corporation of the Capital Regional District, developing and managing affordable housing for low income families, seniors and persons living with disabilities across the 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 CRHC receives no operating subsidy from regional taxpayers: 75% of funding is generated from tenant revenue and 25% from federal and provincial operating agreements.
For media inquiries, please contact:
Andy Orr, Senior Manager
CRD Corporate Communications
Tel: 250.360.3229 Cell: 250.216.5492