(Image credit: CFJC)
AFFORDABLE HOUSING

Chamber petitioning Ottawa for change to affordable housing in Kamloops

Nov 17, 2022 | 4:05 PM

KAMLOOPS — As the living wage in Kamloops went up 14 per cent this year, the Kamloops and District Chamber of Commerce is petitioning the federal government for change to make affordable housing more sustainable in the city.

In his day job as a consultant, Chamber Director Colin O’Leary created the Community Land Trust tax policy which looks to address affordable housing head-on in Kamloops and Canada.

The policy is intended to create an incentive for private landowners as well as corporations to donate land to “Land Trusts” to enable them to develop affordable housing in that area.

“What we’re looking at doing is tackling affordable housing in a sustainable and scalable way, in a way that has never happened in Canada, where we can take examples from around the world to make a difference Canada-wide,” says O’Leary.

O’Leary says the chamber has been working with all levels of government on this policy and he’s had the opportunity to go to Ottawa to speak to the federal Housing Minister.

He adds that the chamber is trying to get more than 500 signatures for the petition but says the ultimate goal is to receive national recognition.

“It’s a tax policy so we need to get in front of a federal finance committee. That is what we’re doing — a push for right now. It looks like we’re probably going to have a meeting lined up when they table the new budget. But in the meantime, we need to demonstrate to the government how important this is to every Canadian and that’s why we want as many signatures as possible for this electronic petition.”

The chamber will now wait to hear from the federal government on what the next steps are in order to tackle the affordable housing crisis in the city.