BIRCH has exciting news to share!
BC Housing has recently supported BIRCH with a $101,500 interest-free loan under its Pre-Development Funding program. This funding supports early stage projects in initiating design for non-market housing by providing funding for refining the building project design and developing more accurate project budgets. This funding will allow BIRCH to continue working with our architects, Boni Maddison Architects, and our development consultants, CitySpaces, to apply for project funding through the BC Housing Community Housing Fund and CMHC’s National Housing Co-Investment Fund. If our final applications are successful, it will allow BIRCH to complete the final design and engineering to begin construction – the ultimate goal being the completion of new community housing on Bowen Island, something the community urgently needs.
As always, we appreciate the support of the Bowen Island community, including Bowen Island Municipality, and look forward to sharing more good news in the near future!