New affordable rental housing options are coming to Sparwood.
The Columbia Basin Trust and the Federal and Provincial governments have raised nearly $7-million to develop 30 affordable rental units in the community.
CBT Senior Manager Mark Brunton says finding affordable for single parent families, seniors and people with disabilities is a top priority in the Basin.
“Affordable housing is a concern across the entire basin and remains a priority for the trust to help communities increase local housing options,” Brunton says. “It’s very important and the residents of the basin have told us we need to maintain it as a priority and that’s what we’re doing.”
Brunton says the Trust was also involved in the project’s design and planning.
“We contributed $800,000 towards the project,” he says. “We continue to hear from residents and communities that affordable housing is a priority in our region and these units will help increase the safe and affordable housing options in Sparwood, and enhance the quality of life for the residents there.”
Construction at 400 Evergreen Crescent is expected to wrap up late 2023.
The Elk Valley Family Society will own and operate the building.
View more information from Canada Mortgage and Housing Corporation below:
Everyone deserves a safe and affordable home. Today, the Honourable Ahmed Hussen, Minister of Housing and Diversity and Inclusion, the Honourable Carla Qualtrough, Minister of Employment, Workforce Development and Disability Inclusion, Katrine Conroy, MLA for Kootenay West and Minister Responsible for Columbia Basin Trust, Katey Taylor, Executive Director, Elk Valley Family Society and Johnny Strilaeff, President and CEO, Columbia Basin Trust, announced nearly $7 million in funding for 30 affordable rental homes for single parent families, seniors and people living with disabilities in Sparwood.
The Government of Canada is contributing $2 million through the National Housing Co-Investment Fund (NHCF), while the province, through BC Housing, is providing approximately $3.65 million through the Community Housing Fund.
Additionally, the Columbia Basin Trust is contributing approximately $812,000.
The new development at 400 Evergreen Crescent is a four-storey building consisting of one-, two- and three-bedroom homes for people with moderate and low incomes.
Seven of the units will be accessible.
The building will have laundry rooms on each floor as well as an indoor-outdoor amenity space on the ground floor, featuring a semi-covered patio, sheltered gathering area and children’s play space.
Elk Valley Family Society will own and operate the building. Construction is expected to be completed by the end of 2023.
– Submitted by the Canada Mortgage and Housing Corporation
– Mark Brunton, Columbia basin trust Senior Manager Delivery of Benefits
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