Saanich council endorsed CRD bylaw changes to allow an extra $10-million to be borrowed to complete the Regional Housing First Program initiatives. (Black Press Media file photo)

Saanich council consents to CRD borrowing $10M extra for Regional Housing First Program

Approval from all CRD members required for loan to proceed

Saanich has given the Capital Regional District (CRD) the go-ahead on a $10-million loan for a long-term housing project.

In early January, the CRD board approved two bylaw amendments which would permit the Regional Housing First Program (RHFP) to continue.

However, in order to proceed with the bylaw changes, consent is required from the 13 municipalities and three electoral areas that make up the CRD.

The RHFP was created to bring mixed-market affordable housing options to the capital region including 400 units to be rented out at the provincial income assistance shelter rate – $375 per month. The program is a partnership between the CRD, the provincial government through B.C. Housing and the federal government through the Canada Mortgage and Housing Corporation.

READ ALSO: CRD will borrow $10M to create 400 low-income housing units

Originally, $90 million was invested into the program, but the CRD has determined that an extra $30 million was needed to keep construction on track to be completed by Dec. 31 2021.

The program partners have agreed to match and each contribute an extra $10 million if the CRD can fund the final $10 million.

In order to borrow the extra money, the CRD board needed to amend two of its bylaws. Once the board approved the changes, consent was required from two-thirds of the 16 local governments that make up the CRD.

Consent from the 13 municipalities was to be granted or denied at council meetings. At a Tuesday night meeting, Saanich council unanimously endorsed the amendments needed to extend the housing program by $10 million with no discussion. Consent from the three electoral areas will be determined by the Alternative Approval Process where those who object will complete elector response forms. If more than 10 per cent of electors object, consent is denied.

Elector response forms in relation to the bylaw changes must be submitted by Feb. 18 at 4 p.m.


@devonscarlett
Like us on Facebook and follow us on Twitter.

devon.bidal@saanichnews.com

affordable housingBC HousingCRDDistrict of SaanichRental accommodation

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Unemployment surpasses historic high in Greater Victoria, tourism hit hard

Hospitality and tourism sectors hurting as pandemic continues

Victoria tattoo shops respond to sex assault allegations against male artists

Carne Tattoo and Painted Lotus Studios respond to allegations

Mayor not in favour of low barrier housing at Oak Bay Lodge

Process is already in place to determine future of Oak Bay Lodge

Minivan driver’s speed a factor in fatal 2018 Malahat crash

Driver was travelling at 101 km/h in a construction zone

Turned over truck impedes traffic in Langford

Truck at the side of Millstream Road near Western Speedway

VIDEO: Langford cat missing 18 months reunited with family

Blue the cat found at Victoria museum 17 kilometres from home

Greater Victoria Crime Stoppers wanted list for the week of July 7

Greater Victoria Crime Stoppers is seeking the public’s help in locating the… Continue reading

POLL: Would you get a vaccine for COVID-19 when it is available?

With the number of positive COVID-19 tests skyrocketing across much of the… Continue reading

VIDEO: Alberta man rescues baby eagle believed to be drowning in East Kootenay lake

Brett Bacon was boating on a lake in Windermere when he spotted the baby eagle struggling in the water

Vancouver Island business ad unintentionally features OK gesture linked to white supremacy

Innocuous ‘OK’ gesture in cleaning franchise advertisement gets flak on social media for ‘supposedly’ promoting white supremacy

Comox Valley RCMP looking for missing woman

Ami Guthrie was last seen in Courtenay in early July

Conservationists raise concerns over state of care for grizzly cubs transferred to B.C. zoo

‘Let them be assessed now before their fate is sealed,’ urges B.C. conservationist Barb Murray

B.C.’s COVID-19 job recovery led by tourism, finance minister says

Okanagan a bright spot for in-province visitor economy

National Kitten Day aka the ‘purrfect’ day to foster a new friend

July 10 marks National Kitten Day, a special day to celebrate all things kittens

Most Read