CRD updates its Regional Housing Affordability Strategy

The Capital Regional District has approved an updated Regional Housing Affordability Strategy.

CRD Board Chair Steve Price says housing remains a serious concern across the region and the CRD has an important role to play.

The strategy has 5 main goals: Building the right supply of housing across the spectrum; A shared regional response to existing and emerging demand; Protecting and maintaining existing rental stock; Developing a coordinated housing and homelessness response regionally; and fostering community understanding and support for affordable housing developments.

Projections for future demand suggests continued issues with affordability, and significant needs of very low, low and low-to-moderate income households.

The renewed strategy is the result of review and consultation with stakeholders.

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