New affordable homes for families, seniors on the way in Trail
TRAIL - Construction is underway on nine new affordable rental homes for families and seniors in Trail through a partnership between the Government of B.C., the Columbia Basin Trust and the Lower Columbia Affordable Housing Society.
"These new homes will give more people in Trail a safe and affordable place to call home,"said Katrine Conroy, MLA for Kootenay West, on behalf of Selina Robinson, Minister of Municipal Affairs and Housing. "Our government will continue to work in partnership to deliver more affordable homes for families and seniors throughout the Kootenay region."
The Lower Columbia Affordable Housing Society will own and operate the three-storey building at 1232 Columbia Ave. The society is receiving $900,000 from the Province's Building BC: Community Housing Fund, $3 million in construction financing and annual operating funding for the project. The Columbia Basin Trust is also providing a $115,300 grant for the new building. The Society also received contributions from the City of Trail, Teck Resources Ltd., and Kootenay Savings Community Foundation.
"The City of Trail is very pleased to see provincial investment in Trail," said Lisa Pasin, mayor, City of Trail. "New homes for families and seniors are a need in our community, and we
appreciate receiving funding for this worthy initiative."
The building will provide one-, two- and three-bedroom homes for households with incomes below approximately $41,500. It will be located overlooking the Columbia River, within easy walking distance of a full range of commercial, health and recreation services and amenities.
"Columbia Park will provide affordable rental housing for the households in greatest housing need in the region and within the City of Trail," said Jan Morton, president, Lower Columbia Affordable Housing Society. "These are one- and two-person households (many of whom are seniors) and families, which account for 40% of households in housing need in the region, more than half of whom live in Trail. The Lower Columbia Affordable Housing Society wishes to thank its funders and partners: BC Housing, Columbia Basin Trust, Teck Resources Ltd. (Trail Operations) and Kootenay Savings Community Foundation and DJM Construction Ltd."
The new homes are expected to be open by February 2021.
"Thanks to these nine units, more seniors and families in need will have a safe and affordable place to call home,"said Johnny Strilaeff, president and CEO, Columbia Basin Trust. "We thank the society and Province for continuing to partner with us to address this important issue."
This project is part of the more than 23,000 new homes that are completed or underway throughout B.C. because of provincial investments. Working in partnership, the Province has committed to delivering 114,000 homes over 10 years.
Delivering affordable housing is a shared priority between government and the B.C. Green Party caucus and is part of the Confidence and Supply Agreement.
- This housing development is funded through the Building BC: Community Housing Fund, a $1.9-billion investment over 10 years to build more than 14,000 mixed-income rental homes throughout the province.
- The projected rent mix for these homes will be:
- two units for people with very low incomes: approximately $375 (one bedroom) to $570 (two bedroom);
- four rent geared-to-income units (people with low to moderate incomes): approximately $483 to $650 (one-bedroom) to $771 to $1,035 (three bedroom); and
- three affordable market units: approximately $750 (one bedroom) to $1,170 (three bedroom).
- Including these nine homes, the Province is working in partnership to build more than 520 new affordable homes for people with a range of incomes in the Kootenays.
A map showing the location of all announced provincially funded housing projects in B.C. is available online:https://www.bchousing.org/homes-for-BC
To learn about the steps the Province is taking to tackle the housing crisis and deliver affordable homes for British Columbians, visit: https://workingforyou.gov.bc.ca/
Ministry of Municipal Affairs and Housing