B.C government moves ahead with 4,900 new rental homes
The B.C. government today said help is on the way for people in 42 communities as the province moves forward with more than 4,900 new affordable mixed-income rental homes as part of the Building BC: Community Housing Fund.
The new homes are designed to address the need for affordable housing across a range of income levels, in response to a housing crisis that has made housing unaffordable for even middle-class families.
The government’s new Building BC: Community Housing Fund, a $1.9-billion investment over 10 years, will build more than 14,000 affordable rental homes for seniors, families and low- and middle-income earners.
The 4,900 homes announced today—the first set of projects selected through this fund—will include both non-profits and co-ops, and will be built over the next two to three years.
Thom Armstrong, executive director of the Co-op Housing Federation of BC, and a frequent Each for All guest, said co-ops and non-profit housing partners welcome this landmark investment in affordable, mixed-income communities all over British Columbia. Armstrong said the government is to be applauded for delivering on its commitment to make life more secure and affordable for families and seniors who have struggled in a very challenging housing market.
New B.C. investment fund seeks members
Two new investment funds aimed at boosting local economies in B.C.’s Kootenays region are looking for members.
Members of the East Kootenay Columbia Community Investment Co-op and the West Kootenay Boundary Community Investment Co-op have been working for much of the past year on a business plan and incorporation documents.
They aim to pool their investments to support local projects such as affordable housing, renewable energy and sustainable agriculture and food production.
In 2015, people who filed tax returns in the Kootenays invested more than $150 million into RSPs – and all of that money left the region, say the funds’ organizers.
If just five percent of those investments were redirected into local business financing, that would mean $7.5 million per year in direct regional economic development stimulus.
Free public launch sessions are scheduled in communities through to mid-December in the region about the funds.
Boundary Creek Times: New Kootenay-focused investment fund seeks members
B.C. credit union one of the best workplaces in Canada
B.C.’s Prospera Credit Union has been named one of Best Workplaces in the province.
Prospera received the honour after a thorough and independent analysis conducted by Great Place to Work.
Prospera is committed to cultivating a strong workplace culture, said Shawn Good, President and CEO at Prospera. A culture that is built on trust, strong values, and by fostering a sense of belonging for our employees, he said. Knowing that employees feel they are valued and respected is a wonderful accomplishment, he said.