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August 20, 2024

New Development Opportunity for VICA Members: BC Builds Housing Project in North Cowichan

The Vancouver Island Construction Association (VICA) is pleased to share a unique housing development opportunity in the municipality of North Cowichan. BC Builds, in collaboration with the District of North Cowichan, is seeking a developer or builder for a site at 9800 Willow Street in downtown Chemainus to construct new rental housing under the Province’s BC Builds program. The project will be owned and operated by the Community Land Trust.

Project Details

  • Location: 9800 Willow Street, Downtown Chemainus
  • Ownership: Community Land Trust
  • Pre-zoned: Yes
  • Parking: Onsite parking is not required; parking will be provided on a nearby lot owned by North Cowichan.

This is a small but promising site that has already been pre-zoned, simplifying the development process. Developers and builders are invited to explore the Property Opportunity Notice for this project and submit their proposals by September 29, 2024. The Notice includes all relevant details specific to this project and the BC Builds process overall.

About BC Builds

BC Builds was launched in February 2024 to address the challenges of developing new rental housing for middle-income households. Rising inflation, the cost of land, construction expenses, and high interest rates have made financing and building new rental housing increasingly difficult. BC Builds addresses these challenges by utilizing low-cost land, low-interest financing, grants, and accelerated project timelines to bring rental housing projects from concept to construction within 12-18 months. The program already has multiple projects underway across the province.

Learn More

  • For current housing development opportunities under BC Builds: Visit here
  • To receive email updates on new BC Builds sites and current opportunities: Sign up here

This opportunity offers a chance to contribute to the creation of much-needed rental housing in the region.