The objective of the Galiano Green Affordable Housing is to make it possible for motivated working singles and families to build a modest sized house by sharing the cost of land, infrastructure, and improvements, financed with a 30 year perpetually renewable lease through Van City or CCEC credit unions.
This non-profit concept creates affordable home ownership without the high cost of owning land. You can live in your house for the rest of your life or sell at any time. Houses at Galiano Green will never be sold on the open market. At the time of resale, the house will be resold at a maximum of $130 sq ft. plus the annual cost of living index (CPI) to keep the cost of housing low for the new owner.