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co-operative housing

B.C. offers $1 billion communities fund

Tuesday, February 14, 2023

One billion dollars in new grants will be going to local governments in B.C. to help build community infrastructure and amenities to meet the demands of unprecedented population growth.

“B.C.’s strong economy and natural beauty continue to attract people from across Canada and around the world. Cities and towns need support to build thriving, livable communities,” said Premier David Eby. “The new Growing Communities Fund will help local municipalities improve roads, build more arenas and water facilities, and improve recreation options for families.”

The Growing Communities Fund will provide a one-time total of $1 billion in grants to all 188 of B.C.’s municipalities and regional districts, which they can use to address their community’s unique infrastructure and amenities demands – such as recreation facilities, parks and water-treatment plants, as well as other community infrastructure. It will help communities prepare for future growth and build the amenities needed to support new home construction, especially with the Housing Supply Act where targets are set.

These grants will complement existing infrastructure funding (such as sewer, water and recreation facilities) and will be distributed to B.C.’s 188 municipalities and regional districts by the end of March 2023. The Growing Communities Fund will come from the surplus shown in the Second Quarter Financial Report. The province is putting this year’s surplus to work for people, to support them now and for the long term.

“This unprecedented transfer will help meet the needs of growing populations through the expansion of facilities and replacement of aging infrastructure. It will also support climate adaptation to sustain service delivery and safeguard residents from the risks of extreme weather,” said Jen Ford, president, UBCM.

 

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