Mayor of Langford Stew Young spoke on his excitement for the federal government taking interest in affordable housing in Langford. (Aaron Guillen/News Staff)

Langford gets federal cash boost for 120 affordable homes

Orono Place Apartments 70 per cent occupied, move in by April

A new apartment building brings 120 new homes to Langford’s downtown core this spring.

The Canada Mortage and Housing Corporation (CMHC) said they will provide $31.5 million as a low interest insured loan to help build Orono Place Apartments, a five-storey building at 854 Orono Ave.

One-bedroom suites will start at $1,260 per month, and two-bedroom apartments at $1,554 – 10 per cent below market rate.

“Every community across this country has the right to safe and affordable roof over their heads,” said Maryam Monsef, Minister of Rural Economic Development and Minister for Women and Gender Equality, during the announcement Monday. “We leave it up to municipalities to come forward to the federal government to apply for funds and build affordable, accessible and energy efficient units like the ones we are celebrating today.”

READ MORE: CRD will borrow $10M to create 400 low-income housing units

ALSO READ: Victoria councillor calls for more affordable housing options for artists

Orono Place is designed to be 26.2 per cent more energy efficient and reduce greenhouse gas emissions of 21 per cent compared to the 2015 building codes.

As part of the RCFi, a national Housing Strategy initiative by the CMHC, at least 35 homes will stay at or below 30 per cent of the median income level of the area for at least 11 years.

Since its launch in April 2017, the RCFi has encouraged the construction of 42,500 new rental housing units across Canada.

Orono developer Danny Jadresko, president of Woodsmere Holdings Corp., reiterated how excited he was to help reduce the shortage of affordable rental homes in Langford.

“This is the city where families go for affordable housing and we’re building it from the ground up,” said Mayor Stew Young said during the announcement.

Units at Orono are currently 70 per cent full and will begin moving residents in by April.

Like us on Facebook and follow us on Twitter.

affordable housingCity of Langford

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Sidney Museum showcases Snapshots of Canada exhibit

Photo exhibition displays ‘triumphs, failures and sacrifices’ of the nation

Legion in Langford keeps things clean with hand sanitizer donation

Legion aims to draw in new members and volunteers

Driver slapped with $483 ticket for excessive speeding in Saanich construction zone

Police traffic unit reminds drivers to slow down in McKenzie interchange

Victoria police investigating chop-shop found in Beacon Hill Park

Police asking public to register bikes with them in case lost or stolen

Island Health issues Victoria overdose advisory

Health authority warns of increase in overdoses from opioids and stimulants

Recent surge in COVID-19 cases not unexpected amid Phase Three of reopening: B.C.’s top doc

Keep circles small, wear masks and be aware of symptoms, Dr. Bonnie Henry says

B.C. NDP changing WorkSafeBC regulations to respond to COVID-19

Employers say reclassifying coronavirus could be ‘ruinous’

Greater Victoria Crime Stoppers wanted list for the week of July 13

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

Statistical flaws led to B.C. wolf cull which didn’t save endangered caribou as estimated

Study finds statistical flaws in an influential 2019 report supporting a wolf cull

Windows broken, racist graffiti left on Okanagan home

Family says nothing like this has happened since they moved to Summerland in 1980s

Beloved Island woman dies at 106

Dorothy Adair adored by the many people she met in Chemainus in two short years

Man arrested for allegedly pushing unsuspecting seniors, jumping on cars at Parksville mall

Cops arrest man after ‘aggressive incident’ at Wembley Mall in Parksville

B.C. man who went by ‘Doctor Ray Gaglardi’ charged with sex assault of teenage boys

The man, 75, is accused of assaulting teenage boys he met through Coquitlam-area churches

B.C.’s potential deficit $12.5 billion as spending spikes, taxes drop

Finance Minister Carole James gives COVID-19 outlook

Most Read