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Affordable housing project clears milestone

March 27th, 2013 | Posted by pfmarchive in uncategorized

Tom Grauman, executive director at the Columbian Centre Society, praised the city for identifying the site for affordable housing

A new affordable, long-term housing project in Nanaimo cleared a major milestone Monday as city council approved a 60-year lease for a city-owned parcel on Boundary Crescent.

Acting on a city staff recommendation, council voted to authorize the lease and provide public notices of disposition, fulfilling part of a memorandum of understanding between the city and BC Housing to create five supportive housing sites within the municipality.

The long-term lease will see Columbian Centre Society, Haven Society and Nanaimo Affordable Housing Society build a new, 41-unit supportive housing project at 1597 Boundary Cres. The groups will also enter an operating agreement with BC Housing to run the facility. The city is providing the site at a nominal rate as part of its contribution to the project, representing a rental revenue loss of $18,400 per year.   Read the rest of this article at the Nanaimo Daily News.

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