HomeMortgageCanada and British Columbia fund nearly 140 homes under construction in Esquimalt

Canada and British Columbia fund nearly 140 homes under construction in Esquimalt

From Canada Mortgage and Housing Corporation (CMHC): https://www.cmhc-schl.gc.ca/en/media-newsroom/news-releases/2022/canada-invests-affordable-housing-esquimalt

Construction is underway on new rental housing in Esquimalt that will deliver nearly 140 homes for low- and middle-income people in the community.

Today, the Honourable Ahmed Hussen, Minister of Housing and Diversity and Inclusion, Mitzi Dean, Member of the Legislative Assembly for Esquimalt–Metchosin, Mayor Barb Desjardins, Township of Esquimalt and Virginia Holden, Executive Director at Greater Victoria Housing Society announced nearly $22 million in funding for this project.

The Government of Canada is contributing $6.4 million to the project through the National Housing Co-Investment Fund (NHCF), while the province, through BC Housing, is providing a grant of approximately $14.5 million through the Building BC: Community…

Read more at news.gov.bc.ca

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