The Strathcona Regional District (SRD) is looking into the possibility of setting up a housing service to access funding for affordable housing projects.
In the staff report prepared for the June 14 Board meeting, it states that 45% of the renters in the SRD are paying more for housing than they can afford. Many homeowners are facing similar affordability problems.
“Both the Comox Valley Regional District and the Cowichan Valley Regional District currently access requisition taxes for a housing service fund, to be accessed by local non-profit housing providers and other partners to support housing projects.”
Staff is not suggesting the SRD increase taxes, the proposal is to set up a service which would allow it to access grant money.
Continue reading SRD looking into establishing a Housing Service