NDP government’s B.C. Builds campaign could help unleash new developments in Kamloops
KAMLOOPS — Earlier this week, the B.C. NDP government presented its plan to help the middle class enter the housing market through its ‘B.C. Builds’ campaign. B.C. Builds is a new initiative that leverages government, community and non-profit-owned and underused land with $2 billion in low-cost financing and a commitment of $950 million for the overall program.
All units will have a target of middle-income households spending no more than approximately 30 per cent of their income on rent.
“Twenty years ago, the provincial government and the federal government decided that they weren’t going to be in the game of building housing anymore and, quite frankly, we are paying the price for it right now,” said B.C. Housing Minister Ravi Kahlon, speaking to CFJC Today. “What we are doing with this is moving into building housing for middle-class families — that is using public lands, using public financing and eliminating the profit margin.”