ABBOTSFORD, B.C. – The Government of Canada is accelerating construction in B.C. via new Coquitlam and Abbotsford housing projects.
The agreement between the federal government and the City of Abbotsford will provide over $25.6 million via the Housing Accelerator Fund (HAF) and commits to seven local initiatives to enable a variety of housing forms and densities. Approximately 730 Abbotsford housing units will be fast tracked over the next three years.
It will also amend zoning to permit as-of-right redevelopment of underused sites that will allow a minimum of four units per lot.
The federal government also reached an agreement with the City of Coquitlam to fast track over 650 housing units over the next three years with $25 million from the HAF.
Coquitlam’s action plan also commits to seven local initiatives and will support redevelopment of underused sites along key growth corridors, incentivize purpose-built and affordable rental housing, and reduce parking requirements city-wide.
“Housing is the foundation upon which individuals and families build their lives. This $25 million federal investment in Coquitlam supports our efforts to meet the diverse housing needs of our community, while also supporting a suite of initiatives aimed at enhancing our community’s growth,” Coquitlam Mayor Richard Stewart said in a statement.
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