Central Saanich wants to grow its $37,000 affordable housing fund

Creating affordable housing continues to be a challenge in Central Saanich, particularly when it comes to funding. Central Saanich has approximately $37,000 in an affordable housing fund, according to Chief Financial Officer Paul Murray.

In an email, Murray wrote that the $37,000 had “accumulated over the last two or three years and [it is] not assessed by Council to make a contribution toward a local affordable housing development.”

The local affordable housing fund is in addition to an approximately $50,000 yearly contribution made by Central Saanich residents towards a CRD Regional Housing Trust Fund. The number is based on a cost-sharing formula based on population.

The CRD contributes up to $1 million annually towards affordable housing throughout the region.

Councillor Niall Paltiel acknowledges that if taken alone, the $37,000 figure “sounds quite trivial,” but that there is “absolutely a plan to grow that fund.”

Paltiel said that a recent council decision to set a contribution target of $5,500 for amenities and $2,000 towards affordable housing would help increase the value of the fund and provide consistency for the development community.

Both Paltiel and Mayor Ryan Windsor said that it would be up to council to decide how to use the fund, which could include buying land for affordable housing or contribute towards a society that builds such homes. In some instances, Paltiel said that it is not practical to actually build affordable units on particularly expensive tracts of land, so contributing to the fund would make more sense.

As an example, Jordan Mann of Marigold Lands said that to conform with Central Saanich’s Official Community Plan, purpose-built rentals would be built in Phase 2 of Marigold Lands. The final number is still up for discussion, but the current plan is to have approximately 120 units in 3 buildings, ten per cent of which would be considered affordable (which in part means the resident should not pay more than 30 per cent of their yearly income towards rent).

Marigold Lands is designed to include a mix of incomes and lifestyles, said Mann, which Paltiel agreed with.

“I don’t think it makes sense to have every development have all subsidized housing or no subsidized housing,” said Paltiel. “I think it is a mix.”



reporter@peninsulanewsreview.com

Like us on Facebook and follow us on Twitter

Just Posted

Songhees youth among those recognized by province for achievement in sport

Team BC athletes in North American Indigenous Games, Canada Summer Games recognized

Pedestrian struck in downtown Sidney after receiving safety reflector

Man treated for minor injures by police who were at the scene handing out reflectors

Write about Oak Bay to win $500

Winner earns cash and placement in the Oak Bay News

A love for theatre

Sooke’s Drew Kemp bring his love of theatre to the stage

B.C. boy’s social media bid to get levidrome in the Oxford dictionary goes viral

‘It’s been five weeks and has totally blown up today.’

VIDEO: Innovating healthier homes

NZ Builders bring commercial concept into residential realm to improve energy efficiency and health

David Cassidy, teen idol and ‘Partridge Family’ star, dies at 67

Cassidy announced earlier this year he had been diagnosed with dementia

Vic High students take Saanich-reared comic’s words on mental illness to heart

School counsellors see uptick in visits after Kevin Breel relays his depression story

Vigil held for woman whose remains were found on Shuswap farm

Family and friends remember Vernon resident Traci Genereaux and along with five other missing women

LETTER: Jumbo Valley is part of Ktunaxa territorial claim

Ktunaxa Nation Council responds to Tom Fletcher column

3,800-plant grow-op busted on First Nation reserve

Three men face charges after RCMP bust a large drug operation on the Soowahlie Reserve near Chilliwack

VIDEO: Government approves funding of $750,000 drug for B.C. woman

Approval comes one day after province announces funding for Soliris on a case-by-case basis

B.C. boy’s social media bid to get levidrome in the Oxford dictionary goes viral

‘It’s been five weeks and has totally blown up today.’

This week’s wanted in Greater Victoria for Nov. 21

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

Most Read