Vancouver, B.C. – The province of BC is investing $75 million in affordable housing units through Ottawa’s National Housing Strategy. The investment will produce 1,500 units of affordable housing across the province.
“We welcome this investment from the federal government that will help us ensure that more British Columbians in need find safe and secure homes,” said Spencer Chandra Herbert, MLA for Vancouver-West End, in a press release.
“This new funding will complement the significant investments our government has been rolling out under the 10-year Homes for BC plan, including building more homes to help people experiencing homelessness and women and children leaving violence. We will continue to work with all levels of government and community partners to build homes that people need.”
The memorandum of understanding, signed by CMHC and BC Housing, lays out a five-year federal government investment that will help build 1,000 new units planned under the province’s Building BC: Supportive Housing Fund, and 500 new units planned under the Building BC: Women’s Transition Housing Fund.
“Every Canadian deserves a safe and affordable place to call home,” said Jean-Yves Duclos, Minister of Families, Children and Social Development, in a press release. “Today’s announcement is the next step in our historic investments in British Columbia housing. 1,500 more families will be able to have a brighter future thanks to these investments.”