1c. How will the project benefit the community?
This project will provide much needed affordable housing to individuals with low or fixed incomes, many of whom are likely to be seniors. The ability to age in place is supported in the District of Oak Bay’s Official Community Plan.
The project will also allow OBUC to continue its service to the Oak Bay community, while also improving its programming such as a community kitchen, seniors drop-in centre, or other support services.
The value of OBUC’s current community-based service delivery is estimated at +/- $2.5 million (Halo Project Calculator, McMaster University). This is based on OBUC’s 2016 tax returns, adjusted for excluded items normally included.