Resource information
This Act sets up a Ministry of Lands, Parks and Housing. For the purposes of this Act the minister may enter into agreements with; the government of Canada or its agent, or the government of a province or its agent, or with any other person or a municipality. Section 6 set out the powers of the minister. Section 7 deals with appropriation, and section 8 with securing advances. Section 8(1) sets out in detail the provisions dealing with affordable housing assistance and security for it. "Affordable housing agreement" means an agreement made by the minister, the British Columbia Housing Management Commission or any other agent of the government, with a person who has received, or is to receive assistance from the government,to acquire, develop or operate an affordable housing development. "affordable housing development" means land and improvements, all or part of which provide or are intended to provide, housing for sale, lease, or other use, by low and moderate-income individuals. It includes land and improvements designated as an affordable housing development. Section 9 deals with disposition of and privileges exercised over Crown land, and section 10 provides for corporations.
