British Columbia: B-C is launching a public housing program that aims to fast-track rental property developments on under-utilized lands throughout the province.
The province says the 2.95-billion-dollar B-C Builds program will provide low-cost financing to build affordable rental units for middle-income earners on government, community and non-profit owned owned lands.
It says it has already identified 20 sites with the potential to build up to four thousand rental units.
Premier David Eby says they are aiming for a concept-to-construction timeline of 12 to 18 months to build the housing, compared with the current three to five year average to
complete rental projects.
(The Canadian Press)