A novel approach to workforce housing took a step closer this week when the City of Victoria approved a grant application for $2.5 million to help make a new affordable 40-unit apartment complex a reality.
It will replace a 19-unit building that is at the end of its life but is still being used to house low-and moderate-income families. The workforce housing project may be new to Victoria, but it has been done in places like Whistler and Tofino. The society and the tourism marketing organization are working out details of a memorandum of understanding about how the tenant selection process will work.
The other 70 per cent of the building would be deemed “affordable market” with studios renting at $1,475, one-bedrooms around $1,750 and two-bedroom units for $1,925.
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