Federal government to fund three new rental buildings in Metro Vancouver

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The government says the projects will provide 422 rental homes in Vancouver and Coquitlam.

The announcement took place Thursday at 3435 West Sawmill Crescent, along the Fraser River in Vancouver, where a six-storey multi-use apartment building is being constructed by Wesgroup Properties.Funding includes $79.35 million for 178 units at 3435 West Sawmill Crescent from the federal government, nearly $4 million from the City of Vancouver, and just over $15 million in cash and land equity from Wesgroup Properties Ltd.

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