Affordable housing project in motion

Affordable housing project in motion

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Council heard a pitch to make life a little cheaper in Oliver.

During Committee of the Whole on Monday night, developer Jeff Waters said the EllisDon Corporation is looking to build a 47-unit affordable housing at 5931 Airport Street (behind No Frills). Still in the early phase, they’ve applied for three grants through BC Housing and were successful with one so far. 

A partner in the project, Kevin Albers from M’akola Development Services, said the more costs the developers have to shoulder, the higher the rent will be. 

“This is a very difficult game to make housing affordable to community members,” he said. “Especially when you’re talking about rents as low as $375 and literally every single cost that gets added onto this project gets rolled out to the tenants.”

Albers then mentioned how the Town can reduce costs by doing things like cut red tape and waive taxes. 

“Any of the kinds of things that you can actually help to reduce that overall cost, including partner variances to allow the housing project to include more units, and so we stop building parking spots for units that won’t actually be used.”

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