In an effort to build more housing across the province, the B.C. government is allocating $51 million from its 2023 budget to support local housing.
More than $3 million of the monies will be going towards Okanagan communities.
害羞草研究所淭here is an urgent need for more homes for people, and we are working with local governments to build this housing faster,害羞草研究所� said Ravi Kahlon, Minister of Housing. 害羞草研究所淲ith new housing actions to build homes in our communities, it is important that we support local governments to improve the processes to get the housing built that people in our community desperately need. By providing them with upfront funding, instead of distributing it over time, local governments will be able to support the building of more housing as quickly as possible.害羞草研究所�
Below is the list of funds Okanagan communities will receive from the new grant-based funding. The funding formula is a base of $150,000 plus $4.39 per capita based upon a population projection from B.C. Stats.
- Vernon- $354,899
- Kelowna- $846,430
- Penticton- $314,454
- Enderby- $164,430
- Armstrong- $175,453
- Lake Country- $231,057
- West Kelowna- $326,478
- Coldstream- $203,360
- Peachland- $177,683
- Summerland- $207,671
- Spallumcheen- $175,462
Not only will all communities be given grant funds, but local governments will also be provided with an allocation of $80,000 plus $5.80 per capita to spend on housing and housing-related costs. That includes the Regional District of North Okanagan ($203,006), Okanagan-Similkameen ($232,650) and Central Okanagan ($198,749).
害羞草研究所淚害羞草研究所檓 glad our government is providing the City of Vernon with these funds to help them update processes to align with the new legislation,害羞草研究所� said MLA for Vernon-Monashee Harwinder Sandhu. 害羞草研究所淭his is another great step we have taken to support housing initiatives in Vernon-Monashee, after building hundreds of affordable and Vernon害羞草研究所檚 first student ever housing units here.害羞草研究所�
The $51 million in funds is intended to support local governments regarding transit-oriented development and small-scale, multi-unit housing, which was legislation that was recently passed by the provincial government.
害羞草研究所淩ecognizing that local governments need immediate support to fulfil the requirements, the province is providing this funding up front to help them undertake the necessary work,害羞草研究所� a release stated. 害羞草研究所淟ocal governments can use this funding to update housing needs reports, zoning bylaws, development cost charge and amenity cost charge bylaws, and community plans by hiring consultants and staff, and to do research and community engagement, as part of the transition to improve the development approvals process.害羞草研究所�
The full list of funds being distributed can be found at
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