CVRD considering new tax to help deal with affordable housing crisis. (File photo)

CVRD proposes new tax to assist with affordable housing

District to seek public support for plans

The Cowichan Valley Regional District is proposing a new tax to assist with costs related to social housing.

The tax, which would be assessed through an annual property value tax of $4.58 per $100,000 of assessed value, would raise approximately $765,000 per year.

The money would be managed by the Cowichan Housing Association to leverage and attract funding from the federal and provincial governments to build affordable housing.

The CVRD is also considering the creation of a regional service to provide annual funding to the CHA to assist with costs for programs and services related to affordable housing and homelessness prevention in the Cowichan region.

The CVRD will seek broad community input on these initiatives in the coming weeks.

“Accessing affordable housing is important for so many reasons. A lack of housing has implications for the health, social and economic well-being of our communities,” said CVRD chairman Jon Lefebure.

“To successfully secure affordable housing funding, local government involvement, support and financial investment is critically important.”

RELATED STORY: MORE UNITS ADDED TO PROJECTS

The extra funding would allow the CHA to negotiate with local governments, senior levels of government, developers, and community groups to build more affordable housing in the region, coordinate with the social services sector to prevent homelessness, identify affordable housing issue areas and opportunities to address them and collect data and keep the CVRD and the community informed.

“In our region, rising housing costs are far exceeding increases in people’s incomes,’ said CHA chairman Chris Hall.

“This means that many working people are having trouble finding housing that they can afford. This affects professionals new to the area, as well as low-wage workers, young families trying to enter the housing market, seniors on fixed incomes, and many others.”

Further information regarding community consultation on this matter will be provided through a number of platforms including open houses, social media, newspaper advertising and PlaceSpeak.

Just Posted

Christmas classic Miracle on 34th Street returns to Chemainus stage for the holidays

‘Miracle on 34th Street: heartwarming story is back after more than a decade away

REMEMBRANCE DAY: Fairbridge School students gave their all for the war effort

There are 78 students and 11 staff members listed on the memorial scroll in the old school chapel.

REMEMBRANCE DAY: Old wristwatch is an echo of the First World War

A chance discovery in a box of old watches recalls heroic Cowichan Valley brothers.

REMEMBRANCE DAY: Capt. J.S. Dobbie’s last letter to his mother and father

“We have both lost a very fine friend…a sportsman and gentleman of the very highest.”

VIDEO: Don Cherry says he was fired, not sorry for ‘Coach’s Corner’ poppy rant

Cherry denies he was singling out visible minorities with his comments

Major donor Peter Allard takes UBC to court over his name on law degrees

Philanthropist claims school not adhering to 2014 agreement for his $30-million donation

Report predicts drug resistance likely to kill 400,000 Canadians by 2050

This increase is expected to cost Canada 396,000 lives, $120 billion in hospital expenses

Sportsnet fires Don Cherry after negative comments about immigrants

Don Cherry had said immigrants don’t wear poppies like other Canadians do

Trudeau’s new cabinet: Gender parity because it’s 2019? Or due to competence?

Prime Minister Justin Trudeau will soon appoint his new cabinet

Canada among three G20 countries least likely to hit emissions targets

It says Canada, South Korea and Australia are the farthest off

Conservatives’ Scheer wants Trudeau to open Parliament Nov. 25

That’s five days after Justin Trudeau is scheduled to swear in a new cabinet

Last remaining Centurion tank from the Korean War makes its journey ‘home’ to B.C.

Tank arrives in B.C. the day before Remembrance Day after a more than 4,500-kilometre transfer

‘Your vehicle burns a lot of fuel:’ Victoria drivers wake up to angry notes

‘This handbill was left on your vehicle because your vehicle burns a lot of fuel,’ notes read

Most Read