Housing Endowment Fund

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The Province established the $250-million Housing Endowment Fund as a funding source for innovative housing proposals. More than $9 million has been committed to 20 new innovative housing initiatives, including a partnership with Habitat for Humanity to foster home ownership and expand access to affordable housing, and the conversion of a small apartment building in Victoria into homes for low-and moderateincome families. For example, Covenant House temporary youth shelter in Vancouver expanded from 32 to 54 beds with a $5-million investment from the Housing Endowment Fund.
The fund also provided funding for the purchase of four housing units in Sechelt with the Sunshine Coast Association for Community Living. These units will provide homes for people with developmental disabilities and supports will be provided by Community Living BC.