Title
Regional Housing First Program Funding Increase and Land Lease: Verdier Affordable Housing Development
Recommendation
That the Hospitals and Housing Committee recommends to the Capital Regional District Board:
1) That $325,000 in grant funding from the Regional Housing First Program be allocated towards the Verdier development, bringing the total contribution to $5,400,000; and
2) That Edward Robbins, Chief Administrative Officer, and Nelson Chan, Chief Financial Officer, or their duly authorized delegates, or any two directors or officers of the Corporation, be authorized to do all things necessary to affect the project and take such steps as required to conclude the financing, lease, construction, and operation of the project located at 1183 Verdier Avenue.
(WA)