100 MILE HOUSE - The Province is buying a 33-unit apartment building in 100 Mile House to preserve rental housing and provide affordable options for people in the community.
“We are taking action to protect these homes for people in 100 Mile House,” said Selina Robinson, Minister of Municipal Affairs and Housing. “Much-needed upgrades to the building will now take place, and rents will be kept affordable.”
The Province is providing approximately $2.9 million to finance the purchase and renovation of Sheridan Manor. Funding is being provided through the HousingHub, a BC Housing branch that works with community, government and non-profit and private-sector stakeholders to help create affordable rental housing and home ownership options for middle-income British Columbians.
Located at 440 Cedar Ave., Sheridan Manor had 33 separate strata-owned units, which complicated budgeting for needed repairs and maintenance. With the acquisition, ownership of the units will be consolidated so that repairs and upgrades, such as new thermostats, heaters and electric baseboards, can be undertaken immediately.
The current tenants of the building will not be affected by the acquisition. Monthly rents will be carried over at the same rates. BC Housing is working to find a non-profit partner to own and operate the building.
“The decision to acquire and secure this rental housing in 100 Mile House is important to the long-term well-being of our community,” said Mitch Campsall, mayor, District of 100 Mile House. “It helps ensure that we have the homes people need to stay, work and build lives here in the Cariboo.”
Delivering affordable housing is a shared priority between government and the BC Green Party caucus and is part of the Confidence and Supply Agreement.
A map showing the location of all announced provincially funded housing projects in B.C. is online: https://www.bchousing.org/homes-for-BC
To find out what the Province is doing to improve housing affordability, visit:https://news.gov.bc.ca/factsheets/bc-government-addressing-housing-affordability-challenges
A backgrounder follows.
Ministry of Municipal Affairs and Housing Media Relations
Province building new homes to meet full spectrum of housing needs
The B.C. government is working in partnership to build 114,000 affordable homes that cover the full spectrum of housing needs for British Columbians by 2028.
Budget 2018 included a $7-billion investment in the homes people need. As a result of that investment, more than 22,000 new homes are completed, under construction or in the approvals process for a range of people who are struggling to find a place to live, from people who are experiencing homelessness and seniors on fixed incomes, to middle-income families, students and individuals. As of Aug. 31, 2019, this includes:
Housing for middle-income earners (households with annual incomes between $50,000 and $150,000) – approximately 4,120 homes:
- Building BC: Community Housing Fund: approximately 1,500 rental homes for people with middle incomes.
- HousingHub: approximately 2,620 homes.
Housing for people with low to moderate incomes (including some where rents are based on 30% of household income and others with set rents, which are designed to be affordable; to moderate-income households, in most cases earning less than $70,000 annually) – approximately 9,320 homes:
- Building BC: Community Housing Fund: approximately 3,700 rental homes for people with low to moderate incomes.
- Affordable Rental Housing Program: nearly 1,600 homes for low to moderate incomes.
- Deepening Affordability Fund: more than 2,150 homes for low to moderate incomes.
- Building BC: Indigenous Housing Fund: approximately 1,170 homes for Indigenous peoples, on- and off-reserve.
- Regional Housing First Program: approximately 700 homes for people with low to moderate incomes.
Housing for people experiencing or at risk of homelessness (shelter-rate housing) – approximately 3,060 homes:
- Rapid Response to Homelessness: 2,064 homes with 24/7 support.
- Building BC: Supportive Housing Fund: approximately 800 homes with 24/7 support.
- Regional Housing First Program: approximately 200 homes for those ready to live independently with supports.
Housing for women and children leaving violence – approximately 360 homes:
- Building BC: Women’s Transition Housing Fund: approximately 360 spaces of transition, second-stage and affordable rental housing for women and children leaving violence.
Housing for students – approximately 5,600 homes:
- BC Student Housing Loan Program: approximately 2,700 on-campus student housing units are underway or in the approvals process.
- Nearly 2,900 student housing units are also underway or in development through partnerships with post-secondary institutions.
Total: approximately 22,460 homes
Ministry of Municipal Affairs and Housing