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Feds announce 36M for housing in BC

Darpan News Desk The Canadian Press, 22 Jan, 2024 01:23 PM

The federal government has announced a 36-million-dollar funding plan to fast-track the construction of about one thousand housing units in Richmond.

The funding will go toward the city's efforts to speed up development applications while also supporting zoning reforms and permitting optimization.

The funding agreement has a target to create more than one thousand units in the next three years, as well as spur the construction of more than 31-hundred homes over the next decade.

Richmond Mayor Malcolm Brodie says the funding will help establish residential communities that are affordable and desirable.

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