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68 affordable housing projects announced as part of $500M investment

Premier Christy Clark is expected to release more details this morning on dozens of affordable housing projects to be built across the province.

2,900 new units expected to be built by spring of 2019

Karin Larsen · CBC News ·
Rich Coleman, B.C. minister responsible for housing says he expects the 2,900 new units to be on-line by spring of 2019. (Jesse Johnston/CBC)

Premier Christy Clark says 68 projects containing close to 2,900 units have been approved province-wide as part of a $516 million dollar investment in affordable housing.

The new projects will target low-to-moderate-income renters, seniors, students, adults with developmental disabilities and Indigenous people.

Close to 50 per cent of the new units will be located in the Lower Mainland and Fraser Valley.

The premier made the announcement at the future site of a new 40-unit development in Surrey that will house low-to-moderate-income single women with special needs children.

In September, the province announced it would spend $500 million to boost affordable housing stock in B.C., ​with some of that money coming from the newly implemented foreign buyer's tax in Metro Vancouver.

Rich Coleman, the minister responsible for housing, says he expects the majority of the projects to be complete by the spring of 2019.

Regional breakdown of projects:

  • Lower Mainland / Fraser Valley – 22 projects, 1,441 units 
  • Vancouver Island / Gulf Islands – 18 projects, 774 units 
  • Coast – 8 projects, 172 units 
  • Thompson-Okanagan – 9 projects, 256 units 
  • Kootenay – 5 projects, 86 units 
  • Cariboo – 2 projects, 68 units
  • North/Northeast – 2 projects, 31 units 

The government says additional projects will be announced within the next week. 

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