Statement from Mayor Helps on Federal Government Loan for Hudson Place 2 Development

Mayor Lisa Helps issued the following statement today about the Federal government’s announcement of a $100 million loan for the Hudson Place 2 development by Townline Homes Inc. to increase the supply of new purpose-built rental housing options for middle class households.

“Over the past year – and despite the COVID-19 pandemic – the City’s Housing Strategy has made significant strides in achieving housing goals and targets, however more work is still needed to improve access to housing for people across our city.

“In Victoria, three out of five residents rent their home. Which is why developments like the Hudson Place 2 are vitally important to building a community for everyone. I would like to thank Townline for their commitment and for digging in and responding to the needs of accessible, affordable rental homes in downtown Victoria, in addition to working to minimize the greenhouse gas emissions of their project.

“And my thanks to the federal government for the National Housing Strategy. Our entire region has been facing a housing crunch for a long time and it requires work and investment across all levels of government to bring forward solutions. Today’s announcement is evidence that national leadership can close the gap and bring housing to meet all needs.”

Read the federal government announcement