The Regional Affordable Housing Strategy
We have released the new �Affordable housing is safe, secure, stable, accessible living environment that allows a person to live within their income level, and maintain a healthy quality of life. Affordable housing adequately suits the needs of low and moderate-income households at costs below those generally found in the local Cowichan Valley market. It may take a number of forms that exist along a continuum � from emergency shelters, to transitional housing, to non-market rental (also known as social or subsidized housing), to formal and informal rental, and ending with affordable home ownership.
For housing to be affordable a household should not spend more than 30 percent of gross income on shelter costs. The highest priority for affordable housing is for the homeless, marginally housed and �core needs households� that spend more than 50 percent of their income on shelter costs.�
- The median income in 2006 in the Cowichan Valley Regional District was $28,405 yet the price of purchasing a home in the same year was $339,400.
- The downturn of the economy was most marked from August of 2008. The region saw the loss of resource industry employment opportunities and the drop in the financial markets impacted many families including baby boomers and the retired population.
FOOD BANK ACTIVITY
Additional indicators of Affordable Housing needs can be found in the Food Bank Fast Facts.
Click here for new information and current workshops.
Updated November 2011.
Affordable Housing Strategy:
We would like to invite you to review the Discussion Paper.
Thanks to everyone who invested their time in this vital community strengthening initiative.
Interested in reading the Fast Facts by Community? Click on the links below:
- Area A: Mill Bay/Malahat
- Area B: Shawnigan Lake
- Area C: Cobble Hill
- Area D: Cowichan Bay
- Area E: Cowichan Station/Sahtlam/Glenora
- Area F: Cowichan Lake South/Skutz Falls
- Area G: Saltair/Gulf Islands
- Area H: North Oyster/Diamond
- Area I: Youbou/Meade Creek
- Lake Cowichan
- North Cowichan
- Food Bank Fast Facts