Affordable Rental Housing initiative
The federal and provincial governments have signed an agreement for three years of investment in the amount of $180 million to support new affordable rental housing projects. Read the news release.
Affordable Rental Housing means rental housing that is modest in terms of floor area and amenities, based on household needs and community norms, and is priced at or below average market housing rents or prices for comparable housing in a community or area, and is provided to individuals or families of Low and Moderate Income.
The Columbia Basin Trust (CBT) is the first partner on an Affordable Rental Housing initiative that will help facilitate the provision of affordable housing for low to moderate income households in the Columbia Basin region.