The Province of B.C. and the Columbia Basin Trust have partnered to fund the creation of affordable rental housing in the Basin. (Thinkstock)

UPDATE: Columbia Basin Trust adds detail on $28 million new affordable housing plan

The Province and the CBT will each provide $14 million to create affordable rental housing

The Province of B.C. and the Columbia Basin Trust will each provide $14 million to create new affordable rental housing in the Basin over the next three years.

The province announced the partnership in a press release issued Thursday morning.

“This new partnership will create a variety of new affordable housing options that address community priorities around the region, such as rental units for seniors, at-risk youth and service workers,” read the release.

RELATED: Home services, rental rates top concerns: B.C. seniors’ watchdog

Aimee Ambrosone, director of delivery of benefits at CBT, explained that the Trust will be issuing an expression of interest to communities in the next month or so.

“That will be basically calling for project proposals. So it would be an opportunity for community organizations to identify the projects to address affordable housing in their local location and be able to put that project forward as an applicant for funding,” she said.

The Trust and BC Housing will then review the submissions.

Eligible project proponents include municipal governments, First Nations, non-profit housing societies, housing co-ops registered under the Society’s Act and private sector entities.

The goal is to create 225 affordable rental housing units throughout the region.

“It could be possible that a project comes forward where there’s an affordable rental component and there’s a market component, and we would be looking at providing a grant to the affordable component, or it could be a project that’s just affordable rental,” said Ambrosone. “Either one is possible. It all depends on how communities structure it.”

It will also be up to communities to determine their own need for affordable housing.

“Affordability needs vary community by community. In one community it might be seniors who need an affordable rental housing project — if there isn’t enough capacity for that demographic existing within the community. In another community it might be housing for families with children, where they need affordable rental housing,” said Ambrosone. “So the expression of interest will be broad enough that all those projects will be eligible.”

She added that the Trust will be looking to see that communities demonstrate the need for the type of housing they are proposing.

More information regarding the expression of interest will be posted at ourtrust.org/housing.

Just Posted

Rescued snowmobilers ill-prepared for emergency, Castlegar RCMP say

Two men rescued Wednesday night were not ready for overnight in back country

Police share more details on occupants and suspicious van in Fruitvale

Vehicle in question offered young girl a ride to school on Feb. 19

B.C. Interior free from measles

Vancouver measles outbreak hasn’t spread to the B.C. Interior

Man injured in police shooting near Nelson has died

The death follows an incident in Bonnington on Feb. 13

Trail RCMP seeking info on van near Fruitvale school

Vehicle in question offered young girl a ride to school

Sell regulated heroin to curb B.C.’s overdose problem: report

B.C. Centre on Substance Use points to organized crime and money-laundering as contributing factors

Peter Tork, Monkees’ lovable bass-guitar player, dies at 77

Tork, Micky Dolenz, David Jones and Michael Nesmith formed the made-for-television rock band

From a drunk judge to Clifford Olson: George Garrett recounts a life in B.C. news radio

New book from ‘Intrepid Reporter’ George Garrett offers readers a glimpse behind the headlines

Wife remembers B.C. man killed in possible case of mistaken identity

Rex Gill was in Kamloops working to support his family after oilfield job dried up

Kootenay man dies in crash near Sparwood

Accident occurred last night east of Sparwood, RCMP appealing for witnesses

Millennial men least likely to have a family doctor: Statistics Canada

Report found more women have primary care physicians, compared with men

70% of Canadians agree with mandatory vaccines for children: poll

The debate for pro and anti vaccinations has heated up after a measles outbreak in Vancouver

Most Read