Feds invest in new affordable housing supply for BC community

Construction of new housing complex is scheduled for completion by fall 2022

Feds invest in new affordable housing supply for BC community

Federal and provincial authorities have announced a multi-million-dollar investment in the development of the Aldermere House complex in Telkwa, British Columbia.

The $2.8 million tranche will go towards the construction of homes for low- to moderate-income seniors in the regions, with $1.5 million coming from the government of Canada through the Canada Community Housing Initiative, and $1.2 million from the province through BC Housing.

The province will also provide approximately $100,000 in annual operating funding, while the village of Telkwa provided the land, valued at $60,000, and waived approximately $26,000 in municipal fees.

“The federal and provincial governments and the village of Telkwa have partnered with the Telkwa Seniors Housing Society (TSHS) to build these new homes using modular construction to expedite their delivery,” said Canada Mortgage and Housing Corporation.

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The project will be located at 1541-1565 Second Avenue, and will be situated on the same site as existing seniors housing development Telkwa House, also operated by TSHS.

Pre-built homes are scheduled to arrive on site early this month, while the remaining construction is expected to be completed by fall 2022.