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What will the CVRD Housing Authority do
and how will it help our community? The

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CVRD is creating a housing authority to
develop more non-market rental housing

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in the region. But what does this mean
and how will it bring more non-market

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rentals to the Komox Valley? The CVRD's
housing authority will work with

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nonprofit housing organizations already
operating in the valley to address

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housing barriers, which include finding
appropriate land for non-market housing

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and doing pre-development work and
analysis that is required to obtain

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federal and provincial funding.
Secondly, the authority will create

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partnerships and coordinate with local
governments, housing organizations, and

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federal and provincial housing agencies.
The authority may also build and operate

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non-market housing, but this will be
based on local needs and conditions.

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With strong competition for federal and
provincial government grants, the CVRD

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housing authority will help our region
capture more funding and unlock new

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non-market rental housing. So, how much
will this cost and how will it be

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funded? A public approval process for
the CVRD's housing authority was

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conducted in early 2025, which included
a maximum annual budget of $1.5 million.

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Ultimately, the CVRD board decides how
much financial support to provide the

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authority, and the board has currently
assigned a total budget of $880,000

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per year. This will cost approximately
$30 per year for a homeowner with a

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residential property valued at the
regional average of $865,000.

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Investing in a housing authority doesn't
mean that the CVRD is taking on all the

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responsibilities for affordable housing,
but it does recognize local government's

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role in facilitating affordable housing
and ensuring that the Komox Valley

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captures more federal and provincial
grants.