Province invests in mass timber project for new student housing at BCIT

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Province invests in mass timber project for new student housing at BCIT

by ahnationtalk on September 18, 202092 Views

Students attending the British Columbia Institute of Technology (BCIT) in the coming years will have access to hundreds of new, affordable, and environmentally friendly on-campus housing beds.

“Students throughout the province have told our government the lack of affordable housing has stood in the way of their education and aspirations, and we committed to fixing this problem,” said Melanie Mark, Minister of Advanced Education, Skills and Training. “Building these new homes is answering a call to action from students and communities to support innovation and create more affordable, cleaner and, greener housing.”

On September 17, Minister Mark announced the new student housing project at BCIT, valued at nearly $115 million. The Province is investing $108.8 million towards BCIT’s new student housing project as part of government’s 30-point plan on housing. BCIT is contributing $6 million towards this project. The plan includes a BC Student Housing Loan Program for public post-secondary institutions that provides access to funds to help finance student housing projects over six years. This project will be the first investment in new student housing beds at BCIT in 38 years.

Read More: https://commons.bcit.ca/news/2020/09/mass-timber-project-student-housing/

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