The Council of North Cowichan has set out to explore affordable housing initiatives in their municipality while entering into a Memorandum of Understanding with The Community Land Trust Foundation. The Council will be looking at two Municipally-owned properties to explore affordable housing options.
The Land Trust will be conducting a feasibility study of the two properties to determine general form and character of housing, number of units, and level of affordability based on sound financial practices and funding models available.“
We commend Council and Staff on their proactive and innovative approach to create affordable housing opportunities in their community,” says Tiffany Duzita, Director of Development with the Community Land Trust Foundation of BC. “
This just shows that affordability is a concern throughout the province, and we are pleased to be a part of a solution in North Cowichan.”
For more information about the North Cowichan affordable housing initiatives, please see the full media release here or the news article here.
The Community Land Trust serves as the real estate development arm for the Co-operative Housing Federation of BC (CHF BC) for new housing opportunities. It is responsible to expand operations through the development and redevelopment needs of housing co-operatives and other community housing partners while representing CHF BC’s needs to the housing community, the general public and others by establishing and maintaining good working relationships with co-ops, non-profits, private and government housing partners and funders, and community-based organizations whose purpose is to foster the creation of affordable housing.