Affordable housing project opens in Nanaimo
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Low-income adults now have greater access to affordable housing with the opening of 20 new rental units in Nanaimo Monday.
The long-awaited $4.6-million project will be operated by the Nanaimo Affordable Housing Society.
“Nanaimo has always had a high proportion of single adults living on a fixed or low income but there have not been very many options for affordable housing available to them,” said Jim Spinelli, executive director, NAHS.
“Nanaimo Affordable Housing was pleased to take on the responsibility for this project and we are committed to ensure that the project will always be a place that the tenants can proudly call their home.”
The province provided a $1.7-million grant from the Housing Trust fund and $2.4 million as a mortgage through the Provincial Homelessness Initiative, a program that integrates support services with housing to help people move beyond temporary shelter to more secure housing, greater self-reliance and appropriate employment.
The City of Nanaimo provided a 60-year lease for the land valued at $294,000, as well as waiving on- and off-site servicing costs.
Through the involvement of the Canadian Homebuilders Association, contractors and suppliers who worked on the project pledged over $100,000 in donations.
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