The federal government has committed $2 billion to help finance B.C. Builds, a new program aimed at constructing thousands of rental homes built on under-used public land, which would then be provided to middle-income earners living in those communities.
Prime Minister Justin Trudeau announced the funds at a news conference alongside B.C. Premier David Eby and Vancouver Mayor Ken Sim in Vancouver on Tuesday morning.
Trudeau called the provincial housing plan “ambitious and fundamentally practical” and said the additional federal financing will help create another 8,000 to 10,000 new homes.
The money comes on top of $2 billion in low-cost provincial financing to fast-track affordable rental
