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New workforce housing in James Bay breaks ground

6/1/2022

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A new housing project in James Bay is a good example of how all levels of government can work to address affordability concerns in our region. The Michigan Square project will create almost 100 homes for people with moderate and low incomes. The majority of units will provide housing that helps much needed workers afford to live in our community.
 
The new buildings at 330-336 Michigan St. will provide 97 new units and replace three aging buildings rendered uninhabitable by water damage. The project includes 24 units at the provincial shelter rate as well as 22 units with rent geared to income and 51 units aimed at moderate income earners and rented at market rates.
 
The Capital Region Housing Corporation will own and operate the new buildings, with the Capital Regional District contributing $1.1 million and the City of Victoria providing $620,000. BC Housing is providing $11.7 million in low-cost financing through the HousingHub and $4.6 million through the Building BC: Community Housing Fund. A further $4.5 million is being funded through a partnership between CRHC, the province and the federal government.
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  • Membership
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    • Job Board
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    • Benefits, Discounts & Savings >
      • Chamber Store
    • Chamber Local
    • 1863 Impact Award
    • Questions & Answers
    • Join Now
    • Member Login
  • Member Directory
  • Events
    • Signature Events >
      • Annual Auction
      • Business Awards
      • Business Hall of Fame
      • Business Leaders Series
    • Event Calendar >
      • Chamber Events
      • Community Events
    • Event Photos 2023
    • Sponsorship
  • News & Advocacy
    • Weekly BizNews >
      • BizNews Articles
    • Advocacy / Wins for Business >
      • Advocacy Wins
      • Business Property Taxes
      • Advocacy Priorities
    • Chamber Chats
    • In the News >
      • Published Op-Eds
      • Media Releases
    • Non-market housing
    • Find and keep workers
    • Business Matters Magazine
    • COVID-19
  • The Chamber 1863
    • 1863-Indigenous
    • 1863-Early Chamber
    • 1863-History Events
    • 1863-Booms and Busts
    • 1863-Members & Communities
    • 1863-Women, people and organizations
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