Project Type Housing
Project Status Construction
Project Area Central Saanich
Estimated Cost $16,981,555
Estimated End Date 01-Mar-2022

Description

The Capital Regional District (CRD) is acquiring a 51-unit affordable housing building at 1909 Prosser 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). 

Building 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 March 2022

The project budget is $16,981,555. Grant funding has been approved for the Prosser Road project to ensure units can be rented at affordable rates based on income.

  • BC Housing Investment in Housing Innovation $3.25M
  • Regional Housing First Program $3M
  • Regional Housing Trust Fund $615,000

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Additional Information

Partners

BC Housing, Canada Mortgage and Housing Corporation

Contact Us

Email CRHC Planning & Development Services