B.C. funds nearly 600 new affordable rental homes in the Interior, North

OKANAGAN FALLS, B.C. — The latest funding to flow through British Columbia's Community Housing Fund will add nearly 600 rental homes to communities in the Interior and northern B.C.

Housing Minister Ravi Kahlon says the province has selected 15 projects in those regions for development in partnership with local non-profit housing providers. Kahlon made the announcement in Okanagan Falls, south of Penticton, outside a housing project that provides 26 rental homes for seniors and will be the site of additional housing built using the latest funding.

It follows recent announcements of nearly 870 affordable units coming to Vancouver Island and almost 2,000 homes in Metro Vancouver. A statement from the Housing Ministry says the province has identified more than 40 new projects for the latest round of funding, adding about 3,500 affordable rental homes throughout the province.This report by The Canadian Press was first published March 22, 2024.

Source: Real Estate Daily Report (realestatedailyreport.net)

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