Prime Minister Justin Trudeau says his government will add $15-billion to an apartment construction loan program to build a minimum of 30,000 new units.
Those conditions include complementing the federal funding with their own investments, building on government, non-profit, community-owned and vacant lands and cutting development approval timelines to no longer than 18 months.to pay for the infrastructure needed to build housing, and Housing Minister Sean Fraser said the government will bypass any provinces that object to the requirements to deal directly with municipalities.
With the top-up, the government says the program’s financing is on track to build over 131,000 new apartments within the next decade.
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