The Strathcona Regional District wants to set up a regional housing service to help create more affordable homes.
This past week the board moved ahead with plans to borrow 10 million dollars to set up a housing service, to be used only where there is a need and demonstrated public benefit.
If established, the service would allow the regional district to make agreements with housing societies and other organizations to develop custom housing.
Board chair Mark Baker says communities in the regional district are facing a multitude of housing challenges that can’t be easily solved by traditional private market solutions.
The board’s borrowing bylaw is now out for the alternative approval process, meaning it will go ahead unless a certain number of people formally comment against it. Deadline for comments is January 2.
