National

2,900 Affordable Housing Units To Be Built Within Two Years Across Lower Mainland

Darpan News Desk The Canadian Press, 22 Nov, 2016 01:23 PM

SURREY, B.C. — Premier Christy Clark is promising to build 2,900 affordable housing units across much of British Columbia's Lower Mainland in an effort to increase the supply of rental options.

The 68-project program was announced today at the site of a 40-unit housing development in Surrey for single mothers who have children with special needs.

The government is spending $516 million on projects for adults with disabilities, seniors, youth, aboriginal people and single women with children.

We're moving forward on BC's largest single year investment in affordable housing. 68 projects, 2,900 units creating 5,500 jobs. #BCFirst pic.twitter.com/uf8K2YVBgE
— Christy Clark (@christyclarkbc) November 22, 2016

Housing Minister Rich Coleman says the funding largely comes from revenue collected through taxes on property transfers and foreign buyers.

Coleman says he expects the housing projects to be built within two years, and some have already been slated to start construction.

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