The LRCA was awarded a $317,000 grant for their affordable housing project
Article by: COLE SCHISLER Mar. 11, 2020 6:30 a.m
The Ladysmith Resource Centre Association (LRCA) has received a grant of $317,000 for their Buller Street affordable housing project.
The grant was awarded by the Cowichan Housing Association, (CHA). The CHA was established in 2015 by the Cowichan Valley Regional District, (CVRD) board to focus on homelessness prevention and housing affordability in the Cowichan region. This was the first grant awarded by the CHA.
“It speaks to the work the LRCA has put into their housing project over the last few years,” CVRD chair Aaron Stone said. “They’ve done a significant amount of work with BC Housing, and working with the Town Ladysmith on the housing agreement, the waiver of DCCs, as well as the province to get seed funding for the project.”
The CHA is funded by the Cowichan Housing Trust Fund, which was approved by referendum during the last municipal election. The fund is provided $750,000 derived annually from property taxation. That funding flows back into the community in the form of grants to affordable housing projects.