Mayor of Langford Stew Young spoke on his excitement for the federal government taking interest in affordable housing in Langford. (Aaron Guillen/News Staff)

Langford gets federal cash boost for 120 affordable homes

Orono Place Apartments 70 per cent occupied, move in by April

A new apartment building brings 120 new homes to Langford’s downtown core this spring.

The Canada Mortage and Housing Corporation (CMHC) said they will provide $31.5 million as a low interest insured loan to help build Orono Place Apartments, a five-storey building at 854 Orono Ave.

One-bedroom suites will start at $1,260 per month, and two-bedroom apartments at $1,554 – 10 per cent below market rate.

“Every community across this country has the right to safe and affordable roof over their heads,” said Maryam Monsef, Minister of Rural Economic Development and Minister for Women and Gender Equality, during the announcement Monday. “We leave it up to municipalities to come forward to the federal government to apply for funds and build affordable, accessible and energy efficient units like the ones we are celebrating today.”

READ MORE: CRD will borrow $10M to create 400 low-income housing units

ALSO READ: Victoria councillor calls for more affordable housing options for artists

Orono Place is designed to be 26.2 per cent more energy efficient and reduce greenhouse gas emissions of 21 per cent compared to the 2015 building codes.

As part of the RCFi, a national Housing Strategy initiative by the CMHC, at least 35 homes will stay at or below 30 per cent of the median income level of the area for at least 11 years.

Since its launch in April 2017, the RCFi has encouraged the construction of 42,500 new rental housing units across Canada.

Orono developer Danny Jadresko, president of Woodsmere Holdings Corp., reiterated how excited he was to help reduce the shortage of affordable rental homes in Langford.

“This is the city where families go for affordable housing and we’re building it from the ground up,” said Mayor Stew Young said during the announcement.

Units at Orono are currently 70 per cent full and will begin moving residents in by April.

aaron.guillen@goldstreamgazette.com


@iaaronguillen
Like us on Facebook and follow us on Twitter.

affordable housingCity of Langford

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Gift card scam email nearly dupes Oak Bay resident of $300

Fraud attempt posed as familiar friend

Telus headquarters to come to Victoria in ‘landmark building’ development

City sells land on coroner of Douglas and Humboldt streets for $8.1 million

Victoria man identified as victim in Thunder Bay murder

Police investigating after Paul Vivier, 29, discovered in hotel

Sidney blocks off parking spaces to create more sidewalk

Additional measures to create more outdoor space for restaurants and cafe on way

B.C. records four new COVID-19 cases, Abbotsford hospital outbreak cleared

Four senior home outbreaks also declared over, eight still active

About 30% of B.C. students return to schools as in-class teaching restarts amid pandemic

Education minister noted that in-class instruction remains optional

Trudeau avoids questions about anti-racism protesters dispersed for Trump photo-op

Prime minister says racism is an issue Canadians must tackle at home, too

B.C.’s Law Enforcement Torch Run for Special Olympics goes virtual

The annual event partnering RCMP with Special Olympians is dramatically altered by COVID-19

Vancouver Island school principal mourns family killed during US protests

Jelks says he’s grateful for the outpouring of support from the community in the wake of this tragedy

Be cautious expanding COVID-19 bubble, Dr. Bonnie Henry tells B.C.

Senior homes stay off-limits as schools, businesses reopen

Considerations made to keep Island community’s drive-by birthday celebrations going

Trucks will tone it down or not use horns at all to bring some joy to kids and older folks

Most Read