Tofino Housing Corporation
Purpose: To Provide Attainable and Affordable Housing for Residents and Employees
The Tofino Housing Corporation is pleased to announce that the one bedroom home at 101-605 Gibson Street is being sold as a Price Restricted Resident Restricted home for $195,000. Applications will be accepted between October 16th, 2020 and November 13th, 2020 at the Municipal Hall. A Purchase Lottery will occur on November 16th with the selected household given an opportunity to formalise an Offer to Purchase. For more information on the home and the Purchase and Purchase Lottery process, including recording of the information session from October 28th and viewing the unit on October 30th or 31st, see the Housing For Sale page.
Catalyst Community Developments Society had been targeting a fall construction start, but the revised target is February, 2021. The project has been Prioritized (e.g. provisionally selected) for a grant and financing by the CMHC Co-Investment Fund. Catalyst, CMHC and THC representatives have been working through confirming the required legal agreements, Lease amendments and financial approvals. On October 13th, 2020 a revision to the Housing Agreement requested by CMHC will be presented to Council for consideration. It is expected the final steps in the CMHC approval processes will be complete in time to allow for a February construction start.
The rezoning of the two new apartment and the three duplex lots is now complete. The subdivision process is nearing completion and transfer of the lands to the THC is expected to occur soon. Catalyst Community Developments Society, with the support of the THC, has submitted a funding application to the BC Housing Community Housing Fund and is waiting for a selection announcement. The Community Housing Fund is expected to award funding for 3000 units of new affordable rental housing across the Province. Catalyst has proposed building the Lot 2 apartment first. Should the DL 114 project be selected, construction is likely to start in 2021.
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