Prince George Métis Housing Society has purchased 1224 Houston Lane with the assistance of the Province.
The society assumed ownership of 1224 Houston Lane late Friday, Feb. 19. The property, which has an appraised value of $380,000, is a split-level triplex suitable for residential and commercial use. It was purchased for $365,000.
The Province is providing the mortgage financing to cover the purchase of the property. The society’s current lease payments will be converted into a mortgage, which will cover the principal and interest costs.
Purchasing the property provides Prince George Métis Housing Society with a measure of stability and financial security for moving forward. This enables the society to focus on supporting their tenants in the best way possible, as they build partnerships with the community and seek new ways to continue providing safe, affordable housing for Aboriginal people.
Prince George Métis Housing Society operates 13 housing developments with 167 housing units. A new board of directors was established last fall. The Province is working with the society to ensure tenants have appropriate accommodation, and that governance policies and procedures exist to ensure the society is accountable to tenants and the community.
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