Nanaimo gets never before seen investment in affordable housing
NANAIMO — Nearly $20-million of B.C. government money is coming to Nanaimo to create at least 153 units of affordable rental housing.
Earlier this week the province unveiled details about which projects will be receiving a piece of $516-million worth of funding to create close to 2,900 new units of affordable housing around B.C.
Four Nanaimo projects received funding, including $8.5-million for a Nanaimo Affordable Housing Society (NAHS) proposal to add 50 rental apartment units for seniors to their existing Buttertubs Drive project.
“It’s huge. We’ve never had all at one time that amount of input in the community,” said NAHS executive director Jim Spinelli. “This is the first time we’ve ever seen that number of units at one time…it’s going to keep the construction industry busy for the next while in Nanaimo.”