Council adopts official name of corporation

At the Regular Council Meeting of April 9, 2024, Council officially adopted the name "Creston Housing Corporation" to be reserved as the registered business name of the corporation.

Every business corporation, including public corporations, must have a unique name that meets the requirements of the Business Corporations Act and regulations. A new municipal corporation’s name should clearly reflect the public nature of the enterprise and its intended business purpose. Three elements need to be in the corporate name: distinctive element (geographical), descriptive element (nature of business) and corporate designation (Corporation, Limited, etc.). The name “Creston Housing Corporation” was proposed to Council on March 27th during a housing corporation workshop and received preliminary approval by Council.

With the official adoption of the name, Staff have requested the name be reserved with British Columbia Registries and Online Services in preparation of an application to incorporate the housing corporation later this year.