Nine new affordable rental homes for families and seniors in Trail are on their way through a partnership between the Government of B.C., Columbia Basin Trust and the Lower Columbia Affordable Housing Society.
The Lower Columbia Affordable Housing Society will own and operate the three-storey building at 1232 Columbia Ave. The society is receiving $900,000 from the Province’s Building BC: Community Housing Fund, $3 million in construction financing and annual operating funding for the project. Columbia Basin Trust is also providing a $115,300 grant for the new building.
“Thanks to these nine units, more seniors and families in need will have a safe and affordable place to call home,” said Johnny Strilaeff, president and CEO, Columbia Basin Trust. “We thank the society and Province for continuing to partner with us to address this important issue.”
The building will provide one-, two- and three-bedroom homes for households with incomes below approximately $41,500. It will be located overlooking the Columbia River, within easy walking distance of a full range of commercial, health and recreation services and amenities.
The new homes are expected to be open by February 2021.
The Trust aims to strengthen local and regional efforts to ensure residents have access to housing that meets their needs by providing capital grants and proposal development support and funding. Learn more about the Trust’s work in housing.
Read the full release.
