Canada Mortgage and Housing Corporation

Canada Mortgage and Housing Corporation

April 18, 2016 18:30 ET

New Affordable Housing Opens in Revelstoke

REVELSTOKE, BRITISH COLOMBIA--(Marketwired - April 18, 2016) - More than 20 people now have a safe, affordable place to live at Revelstoke Community Housing Society's new townhouse complex, which celebrated its official opening today.

The housing complex provides 12 units of affordable housing for families and individuals with low to moderate incomes. The townhouses are comprised of four two-bedroom units and eight one-bedroom units, two of which are fully wheelchair accessible.

Located at 1014 Oscar Street, the complex is managed and operated by the Revelstoke Community Housing Society.

Quick Facts:

  • The Governments of Canada and B.C provided a combined investment of nearly $794,000 through Canada-B.C. Agreement for Investment in Affordable Housing.
  • The Government of B.C. also provided interim construction financing of nearly $900,000.
  • The Columbia Basin Trust provided $696,000.
  • The City of Revelstoke provided $57,000 in municipal reductions, a cash donation of $192,000, and the land valued at over $376,000.
  • The Revelstoke Community Housing Society provided $205,000.
  • Last year, the B.C. government invested over $690,000 to provide subsidized housing and rent supplements for more than 150 households in Revelstoke.

Quotes:

Stephen Fuhr, MP for Kelowna - Lake Country, on behalf of the Honourable Jean-Yves Duclos, Minister of Families, Children and Social Development and Minister Responsible for Canada Mortgage and Housing Corporation

"Congratulations to everyone involved in this new housing development. In the coming weeks and months, our government looks forward to working with Canadians, housing stakeholders and our provincial, territorial and municipal partners to restore the government's role in supporting affordable housing."

Jackie Tegart, MLA for Fraser-Nicola -

"Our government was proud to partner with Revelstoke Community Housing Society to provide funding for the creation of new affordable housing units. We are pleased to see that tenants have moved in and are benefiting from the affordable rents and making these townhouses their new homes."

Neil Muth, Columbia Basin Trust President and CEO -

"We congratulate all of those who worked to make this project a reality, and particularly the Revelstoke Community Housing Society. We're honoured to be part of a project that ensures affordable housing is available in Revelstoke."

Mark McKee, Mayor of Revelstoke and Chair of the Board of Directors of the Revelstoke Community Housing Society -

"We believe these units will provide a valuable addition to the affordable housing options for residents of our community. We are very pleased with the financial support this project received from the federal and provincial governments, CBT and the in-kind support from the City of Revelstoke. This is a good example of different levels of government working cooperatively to address an important community issue."

Associated links:

  • Canada Mortgage and Housing Corporation has been Canada's authority on housing for 70 years. To find out more about how the Government of Canada and CMHC help Canadians meet their housing needs, visit www.cmhc.ca or call 1-800-668-2642.
  • Since 2001, the B.C. government has invested $4.4 billion to provide affordable housing for low-income individuals, seniors and families. This year, more than 102,000 B.C. households will benefit from provincial social housing programs and services. To find out more, go to: www.bchousing.org.
  • Columbia Basin Trust supports the ideas and efforts of the people in the Columbia Basin. To learn more about the Trust's programs and initiatives, and how it helps deliver social, economic and environmental benefits to the Basin, visit: www.cbt.org or call 1-800-505-8998.

Stay connected:

- Follow CMHC on Twitter, YouTube, LinkedIn and Facebook.

- Follow BC Housing on Twitter @BC_Housing

- Connect with the Government of B.C. at: www.gov.bc.ca/connect

Contact Information

  • Elisabeth Lefrancois
    Canada Mortgage and Housing Corporation
    604-737-4072

    Rajvir Rao
    BC Housing
    604 439-8583

    Alan Mason
    Director of Community Economic Development
    City of Revelstoke
    250 837-5345