Central Saanich wants to grow its $37,000 affordable housing fund

Creating affordable housing continues to be a challenge in Central Saanich, particularly when it comes to funding. Central Saanich has approximately $37,000 in an affordable housing fund, according to Chief Financial Officer Paul Murray.

In an email, Murray wrote that the $37,000 had “accumulated over the last two or three years and [it is] not assessed by Council to make a contribution toward a local affordable housing development.”

The local affordable housing fund is in addition to an approximately $50,000 yearly contribution made by Central Saanich residents towards a CRD Regional Housing Trust Fund. The number is based on a cost-sharing formula based on population.

The CRD contributes up to $1 million annually towards affordable housing throughout the region.

Councillor Niall Paltiel acknowledges that if taken alone, the $37,000 figure “sounds quite trivial,” but that there is “absolutely a plan to grow that fund.”

Paltiel said that a recent council decision to set a contribution target of $5,500 for amenities and $2,000 towards affordable housing would help increase the value of the fund and provide consistency for the development community.

Both Paltiel and Mayor Ryan Windsor said that it would be up to council to decide how to use the fund, which could include buying land for affordable housing or contribute towards a society that builds such homes. In some instances, Paltiel said that it is not practical to actually build affordable units on particularly expensive tracts of land, so contributing to the fund would make more sense.

As an example, Jordan Mann of Marigold Lands said that to conform with Central Saanich’s Official Community Plan, purpose-built rentals would be built in Phase 2 of Marigold Lands. The final number is still up for discussion, but the current plan is to have approximately 120 units in 3 buildings, ten per cent of which would be considered affordable (which in part means the resident should not pay more than 30 per cent of their yearly income towards rent).

Marigold Lands is designed to include a mix of incomes and lifestyles, said Mann, which Paltiel agreed with.

“I don’t think it makes sense to have every development have all subsidized housing or no subsidized housing,” said Paltiel. “I think it is a mix.”



reporter@peninsulanewsreview.com

Like us on Facebook and follow us on Twitter

Just Posted

End of the Quest

Oak Bay council unanimously denies Quest’s zoning amendment application

Santa’s Light parade glides through town on Saturday

Vancouver Island’s most popular Christmas parade is back for its 36th year

VIDEO: Innovating healthier homes

NZ Builders bring commercial concept into residential realm to improve energy efficiency and health

Concert band brings music to Monterey

Night of Music with dinner and music is Nov. 23 at Monterey Recreation Centre

Oak Bay High junior girls claim city, Island volleyball titles

The team heads for provincials this week in Surrey to take on 32 other junior teams

VIDEO: Innovating healthier homes

NZ Builders bring commercial concept into residential realm to improve energy efficiency and health

Wet weather expected for much of coastal B.C.

The Weather Network is calling for up to 200mm of rain to fall in some areas of the South Coast and Vancouver Island

B.C. reporter reflects on covering Charles Manson

Charles Manson, leader of a murderous cult, died on Sunday at 83

Running back propels Spectrum Thunder into first Subway Bowl final

Brandon Robbins scores hat trick of touchdowns

ICBC overbilling for crash repairs not the problem, dealers say

Collision repair shops reject union claim of inflated costs

B.C. groups to address child sex abuse in sports

viaSport is organizing a full day of education in association with Canadian Centre for Child Protection and the Coaching Association of Canada.

Report sets exercise guidelines for young kids, including ‘tummy time’ for babies

Kids aged one to four should get at least three hours of physical activity throughout the day

Stampeders return to Grey Cup with 32-28 win over Edmonton Eskimos

The Stampeders will face the Toronto Argonauts next Sunday in Ottawa for the title

Nebraska approves TransCanada’s Keystone XL pipeline

Nebraska’s Public Service Commission approved TransCanada’s Keystone XL route in a close vote

Most Read