Innovation key to new affordable homes for sale
Innovation led by business is helping create more than 100 affordable homes that will enable people to live, work and invest in our region. A partnership between BC Housing, Chard Development and the provincial government has reserved 104 units from the Haven project in the 1100-block of Johnson St.
Qualifying buyers must have a combined household income no greater than $118,440 for homes with fewer than two bedrooms and an income no greater than $168,310 for homes with two bedrooms or more. Buyers will be required to make the home their primary residence for the first five years.
BC Housing will administer a no-interest, no monthly payment second mortgage for all 104 buyers to support their purchase.
“As a long-standing, family-owned developer, we take our role in the fight to improve housing affordability seriously,” Chard Development president and CEO Byron Chard said in the news release.
Qualifying buyers must have a combined household income no greater than $118,440 for homes with fewer than two bedrooms and an income no greater than $168,310 for homes with two bedrooms or more. Buyers will be required to make the home their primary residence for the first five years.
BC Housing will administer a no-interest, no monthly payment second mortgage for all 104 buyers to support their purchase.
“As a long-standing, family-owned developer, we take our role in the fight to improve housing affordability seriously,” Chard Development president and CEO Byron Chard said in the news release.
