The federal government has announced $150 million over the next two years to help with housing affordability in British Columbia. It is in addition to the $63 million already joint annual funding from the Investment in Affordable Housing agreement between Ottawa and the BC government.
"The Province is partnering with the federal government to build and renovate more affordable and supportive housing for British Columbians. We will be working with communities throughout the province to identify specific housing needs and determine where the additional funding will be distributed,” commented Rich Coleman, Deputy Premier, Minister of Natural Gas Development and Minister Responsible for Housing.
The new federal government funding includes:
- $25.2 million to support the construction, repair and adaption of affordable housing for seniors;
- $10.9 million to support the construction and renovation of shelters and transition houses for victims of family violence; and
- $50.9 million to help address the increasing demand for repairs as social housing units age and to improve efficiency and reduce energy and water use.
Further measures are expected to be announced by governments at all levels in the coming weeks and months.
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