Category
Status
Location
3181 Sherman Road, North Cowichan
Timeframe
Construction begins January 2026 with completion scheduled for early 2028.
Budget
- Federal government's National Strategy Affordable Housing Fund: $44.7 million
- Province of BC through BC Housing: $16.6 million
- Approximately $10.4 million from the Building BC: Community Housing Fund, and a Cost Pressures Grant of approximately $6.2 million. The Province is also providing approximately $1.6 million in annual operating subsidy.
- Municipality of North Cowichan: $3.6 million
- $3.2 million in land equity and $447,000 in waived municipal fees.
Total budget: $64.9 million
Project led by
North Cowichan and Community Land Trust (CLT)
Description
The homes include 92 co-operative rental housing units with 34 family-oriented townhouse units and a 58 unit apartment building which will be operated by CLT. Funding for this property has been received from BC Housing, CMHC and the Municipality of North Cowichan.
Learn more about co-operative housing on the Community Land Trust website.
Townhomes
- 34 3-bedroom units
Apartment building
- 17 3-bedroom units
- 8 2-bedroom units
- 9 1-bedroom units
- 24 studio units
Parking
- 89 spaces, including 77 underground spaces
- 34 new spaces for Curling Club use
Site layout
Image
Photo renderings
