The BC Government says 1,803 homes are on the way for Prince George in the next five years.
That’s the target number set for the City through the province’s Housing Supply Act.
The act came into effect last year, enabling the provincial government to establish housing targets for communities based on areas of greatest need and highest projected growth.
“The best way to solve the housing crisis and build more homes for people is by working together,” said Housing Minister Ravi Kahlon.
“Our government is working closely with municipalities to ensure more homes are built in communities with the greatest needs. By having these targets, all levels of government will be able to align to address the housing crisis and help build more affordable housing for people in these communities for years to come.”
According to the Ministry of Housing, municipalities will be evaluated after six months and then every year on their progress toward achieving the housing targets.
“The City of Prince George is committed to achieving housing for all residents and welcomes the opportunity to work with the Ministry of Housing under the Housing Target Order,” said Mayor Simon Yu.
“This order aligns with ongoing efforts to enhance housing availability in our community and improve the quality of life for people in Prince George. We are optimistic that we will meet our target of 1,803 new housing units in the years to come.”
The targets are based on 75 per cent of the province’s estimated housing need for each municipality.
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