BC Housing
DHS applied for and secured funding for this project through BC Housing’s very competitive Community Housing Fund. The units will be perpetual rentals, rented at below-market rates for seniors and persons living with disabilities.
Projects funded under BC Housing’s Community Housing Fund are required to have rents structured as follows:
50% of units rented at “rent geared to income” (RGI), where the rent is no more than 30% of the tenant’s income.
30% of units are slightly below-market rentals, expected to be approximately 10% below the market rental rate in Duncan.
20% of units are rented at a deep subsidy, which is presently $375/month for a one-bedroom unit, making them accessible to individuals receiving income assistance.
