HousingHub project building 64 affordable homes
A new five-storey, wood-frame building on Fifth Street will provide 64 affordable homes In Greater Victoria. The project is being built with up to $17.2 in interim construction financing from BC Housing’s HousingHub program. Rent will range from $1,000 per month for a studio to $2,500 for the most expensive three-bedroom option. To qualify, renters must have household incomes between $48,000 and $100,000.
“I’m pleased that this project will provide good, affordable homes for working families that are close to their friends, work, vibrant business districts and community amenities,” Victoria-Swan Lake MLA Rob Fleming said in a news release.
Construction is expected to wrap up by spring. The building will include space for the Vancouver Island School of Art on the ground floor.
“I’m pleased that this project will provide good, affordable homes for working families that are close to their friends, work, vibrant business districts and community amenities,” Victoria-Swan Lake MLA Rob Fleming said in a news release.
Construction is expected to wrap up by spring. The building will include space for the Vancouver Island School of Art on the ground floor.
