The funding makeup of a new affordable housing project in Sparwood has been announced, with $7 million coming from the Federal and Provincial governments, and the Columbia Basin Trust.
In a release in late July the B.C. government announced the funding package for the project would be made up of $2 million from the National Housing Co-Investment Fund, $3.65 million through the Community Housing Fund, and $812,000 through the Columbia Basin Trust.
The housing, at 400 Evergreen Crescent will be for seniors, families and people with disabilities that have low to moderate incomes. The site was cleared back in May, and as of early August they’ve broken ground.
“Safe and affordable housing is much needed in Sparwood and surrounding areas,” said Katey Taylor, who is executive director of the Elk Valley Family Society which will own and operate the housing when it’s completed.
“We are really grateful to have such great partners to bring this project to fruition.”
Currently the Elk Valley Family Society operates Sasko Manor in Sparwood, and Veneto Place in Fernie.
According to concepts shared last year, the new housing will be a four-story wood-frame design with 30 units and 38 parking spaces, with a common room and outdoor amenity area. There will 11 one-bedroom units, 12 two-bedroom units and seven three-bedroom units.
Construction will take just over a year, with an estimated completion date in the Fall of 2023. Details in eligibility for the new homes will become available closer to completion.
READ MORE: New housing for Sparwood on the way
scott.tibballs@thefreepress.ca
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