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Construction begins on Downtown Eastside's largest social housing project ever


The federal government’s contribution is $45.8 million from the National Housing Co-Investment Fund, with $18.5 million as a contribution and $27.3 million as a repayable loan.
The provincial government, through BC Housing, is providing $33.6 million in funding and an annual operating subsidy of up to $1.8 million over the 60-year lifespan of the building a total of $141 million.
The not-for-profit Vancouver Chinatown Foundation (VCF) initiated and spearheaded this project, and will provide $30 million from community fundraising. This brings the project’s total construction cost to just under $110 million.
Site of 58 West Hastings Street, Vancouver. (Google Maps)
Site of 58 West Hastings Street, Vancouver. (WT Leung Architects/Vancouver Chinatown Foundation) ....

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Delegation OK's rescue funds to develop local infrastructure | Local


LANCASTER — The Coos County Delegation on Monday unanimously approved several funding requests under the American Rescue Plan Act for projects in the county.
The delegation was presented with a recommendation from the Coos County Commissioners to split the $3,065,371.50 in ARPA funds received by the county on June 16, with half the funds, or $1,532,685.75, saved for county use and the other half being split among the three county districts, with each receiving $510,895.25.
According to Coos County Commissioner Paul Grenier, the portion going to the districts would be targeted for specific uses under ARPA requirements.
As part of the county commissioners recommendations, the delegation was presented with three proposed projects for approval to use a portion of the ARPA funds. ....

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Bank of the James reports strong 2Q profit

Bank of the James reports strong 2Q profit
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