CHF BC celebrates landmark investment in affordable housing

  17 November 2018

VANCOUVER (Nov. 13, 2018) – Housing Central partners the Co-operative Housing Federation of BC (CHF BC) and the BC Non-Profit Housing Association (BCNPHA) applauded the announcement on Tuesday, November 13, that more than 4,900 much-needed affordable homes –including new housing co-ops — will be built in 42 communities throughout B.C. These homes will help thousands of individuals and families, seniors, people with disabilities, and more.

Early this year the provincial government announced the new Building BC: Community Housing Fund − $1.9 billion to be invested over the coming decade to build more than 114,000 affordable rental homes for those with low to middle incomes. We are thrilled to see the first phase of this promised investment become a reality and look forward to supporting our non-profit and co-op partners as these new developments take shape over the next two to three years.

“Co-ops and non-profit housing partners welcome this landmark investment in affordable, mixed-income communities all over British Columbia,” added Thom Armstrong, Executive Director of CHF BC. “We applaud the government for delivering on its commitment to make life more secure and affordable for families and seniors who have struggled in this very challenging housing market.”

“This historic investment in the community housing sector is an investment in British Columbians struggling to find safe, secure and affordable housing,” said Jill Atkey, CEO of BCNPHA. “Non-profit housing partners are hard at work turning these dollars into homes, and are committed to ensuring that what is affordable in our sector today, will remain affordable for generations to come.”

This landmark investment will make a real difference in the lives of thousands of people, and in communities throughout the province, as we work to ensure everyone has access to a safe, affordable home.