No official announcement yet–but we’ve learned BC Housing is in the process of, or has in fact purchased the Washington Inn Apartment complex in Courtenay.

Goat News spoke with Courtenay Mayor Larry Jangula…

Jangula says the units will continue to be used for below market value rentals…

Jangula calls it a fantastic move, adding the property will allow for expansion down the road…

Sources tell Goat News that residents of the complex have been told to get their various forms ready with officials coming by Monday and Tuesday of next week.

Officials in the media branch of BC Housing could not be reached for comment.