The City of Courtenay is partnering with the Community Land Trust Group of Societies in hopes of securing funding for a new model of housing in the community. If successful, it could lead to the first development of its kind in the North Island.
Courtenay and the Community Land Trust are applying to BC Housing’s Community Housing Fund program with proposals for three city-owned sites as potential locations for Housing Co-operatives (co-ops):
- 152 1st Street: vacant land and partial laneway
- 645 - 725 Cliffe Avenue: the Connect Warming Centre building and adjacent parking
- 425 Duncan Avenue: 4th Street & Duncan Avenue parking lot
The co-op housing applications are just the first steps of a lengthy and comprehensive process. If any of the applications are approved, Courtenay and the Community Land Trust would launch extensive public engagement efforts with stakeholders, community groups, and the general public to identify needs and opportunities at and around each site.
Co-op housing is typically longer-term and more stable compared to rental housing. Courtenay’s applications propose a mix of affordability levels and unit types for low and middle-incomes.
Co-op housing is a “community with intent”. Co-ops are neither individually owned, nor are they rentals. They are made up of people who work together to provide safe, secure, and affordable homes for their members.