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CVRD Regional Housing Service - Executive Summary
On April 11th, 2018 the Cowichan Valley Regional District (CVRD) adopted Bylaw 4201 which established an Annual Financial Contribution Service to assist with providing programs and services related to affordable housing and homelessness prevention in the Cowichan region.
The Service has two primary goals;
- To increase local funds for affordable housing in order to leverage funds from other sources and to incentivize the development of affordable and attainable housing options in the Cowichan region.
- To increase the capacity of local communities to develop affordable housing projects by providing expertise, knowledge and support.
Bylaw 4201 sets out that the maximum annual budget that may be requisitioned in support of this service shall be the greater of $765,000 or an amount equal to the amount that could be raised by a property value tax of $.04585 per $1,000 of net taxable value of land and improvements within the service area.
Under an agreement with the CVRD the Cowichan Housing Association will receive 1/3 of the total annual funding from the Financial Contribution Service to provide housing development assistance, research and planning activities. A Housing Trust Fund, held by the CVRD, will be resourced by the other 2/3 of the annual Financial Contribution Service ($500,000 per annum) and will be used to provide capital contributions to rental housing projects, to support project development activities and provide emergency assistance to households affected by natural disasters that result in sudden and unforeseen housing loss.
The Cowichan Housing Association intends to create two advisory bodies to support this work:
- Community Advisory Committee (CAC)
- Housing Trust Fund Allocations Committee (HTFAC)
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If you are interested in joining one of the committees please contact CHA at 250-597-1938.
Safe, affordable, culturally appropriate housing for everyone in the Cowichan Region
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At the Cowichan Housing Association (CHA), we believe that stable, secure, accessible and affordable housing is foundational to healthy individuals, families and communities. We work to increase affordable housing options and to prevent homelessness in the Cowichan Region through research, community development, homelessness prevention programming and facilitating affordable housing development.
We build community capacity for increasing housing by: