Innovation led by business is helping create more than 100 affordable homes that will enable people to live, work and invest in our region. A partnership between BC Housing, Chard Development and the provincial government has reserved 104 units from the Haven project in the 1100-block of Johnson St.
Qualifying buyers must have a combined household income no greater than $118,440 for homes with fewer than two bedrooms and an income no greater than $168,310 for homes with two bedrooms or more. Buyers will be required to make the home their primary residence for the first five years.
BC Housing will administer a no-interest, no monthly payment second mortgage for all 104 buyers to support their purchase.
“As a long-standing, family-owned developer, we take our role in the fight to improve housing affordability seriously,” Chard Development president and CEO Byron Chard said in the news release.