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NELSON – The Province is providing a $855,000-grant from the Housing Endowment Fund (HEF) for an innovative project in Nelson, Housing and Social Development Minister Rich Coleman announced today.
“We are continuously receiving proposals for housing solutions that do not fall under any existing programs, so the endowment fund provides one-time funding for projects that serve unique needs that are not currently being met,” said Coleman. “Seniors who need a little bit of extra help, but who are not ready for assisted living, will receive additional support as a result of this project in Nelson.”
Golden Life Management is receiving
$855,000 for its
The $250-million Housing Endowment
Fund was established in the 2007 Provincial Budget. The fund generates
investment revenue, which is used to fund new ideas and support innovative
housing solutions that meet the diverse housing needs of British Columbians. To
date, more than $12 million has been awarded to 25 projects.
Through Housing Matters BC, the
total provincial contribution to affordable housing and shelter in Budget 2009
is $469 million, more than four times as much as in 2001. This consists of an
operating contribution of $319 million, plus a capital contribution of $150
million.
‘Breaking the Cycle of Homelessness’ is a website providing a comprehensive and detailed look at provincial programs and services to address homelessness. Visit www.bchousing.org/breakingthecycle for more information.
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contact: |
BC Housing 604 439-4789 |
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For more information on government services or to subscribe to the Province’s news feeds using RSS, visit the Province’s website at www.gov.bc.ca. |
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