Newspaper article The Canadian Press

Premier Announces Largest Single Affordable Housing Investment for B.C

Newspaper article The Canadian Press

Premier Announces Largest Single Affordable Housing Investment for B.C

Article excerpt

B.C. earmarks $355 million for housing

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VANCOUVER - British Columbia has committed $355 million toward creating as many as 2,000 affordable housing units across the province.

Premier Christy Clark and Housing Minister Rich Coleman made the announcement in Vancouver on Friday.

Clark said the funding will be spent over the next five years and is the largest single affordable housing investment in B.C.'s history.

The province said it has earmarked $50 million of the investment for each of the first two years, $75 million in the third year and $90 million in the final two years.

Details are still being worked out, and B.C. Housing said it will seek proposals from municipalities, non-profit societies and other community groups interested in creating appropriate developments. …

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