B.C. allotting $550M for social housing initiative

Amount to be spent on Indigenous housing over the next decade

B.C. allotting $550M for social housing initiative

British Columbia has announced that it will be spending $550 million over the next 10 years for the building and operation of a large-scale social housing project.

The housing fund will focus on Indigenous housing. Around 1,750 social housing units are expected to be constructed on and off reserves in the years to follow, The Canadian Press reported.

The developments will be built in in partnership with the Aboriginal Housing Management Association, Indigenous housing societies, and First Nations.

“Everyone in British Columbia deserves a good home, including people who live on-reserve,” Premier John Horgan stated. “That’s why we’re opening the door to all Indigenous communities to join us as we make housing better and more affordable for people in every part of the province.”

Read more: In Vancouver, non-high-end home buyers bear the brunt

“We have never seen such a commitment from a provincial government for on-reserve housing investments,” British Columbia Assembly of First Nations Regional Chief Terry Teegee said. “First Nations in B.C. seek to improve a major gap in housing needs. This is an important step for building stronger First Nations communities.”


Related stories:
Property tax hikes the best route for B.C. right now – economist
Space in B.C., Ontario seniors’ housing gradually depleting