More funding from the province for municipalities to get more housing built.
The BC government recently passed a series of legislation aimed at creating more housing, such as transit-oriented development and small-scale, multi-unit housing.
“There is an urgent need for more homes for people, and we are working with local governments to build this housing faster,” said Ravi Kahlon, Minister of Housing.
“With new housing actions to build homes in our communities, it is important that we support local governments to improve the processes to get the housing built that people in our community desperately need. By providing them with upfront funding, instead of distributing it over time, local governments will be able to support the building of more housing as quickly as possible.”
BC is freeing up $51 million in grant-based funding to all municipalities, regional districts, and the Islands Trust – a total of 188 local governments – in British Columbia.
This funding is intended to support local governments to meet the new legislated requirements.
Local governments can use the cash to update housing needs reports, zoning bylaws, development cost charges, and community plans.
The province says the money will be especially beneficial for smaller local governments that may have fewer resources to make changes.
For more information, visit Government of British Columbia.