The Government of Canada has announced nearly $150 million in low-interest loans to build 364 purpose-built rental homes across three developments in Vancouver. This includes 110 rental units for faculty and staff at the University of British Columbia, 136 rental units for faculty and staff at Mundell House and 118 units for Vancouver residents at 19 on the Greenway. The Honourable Sean Fraser, Minister of Housing, Infrastructure and Communities, stated that the investment is helping to increase housing supply across Canada so that all Canadians have a safe place they are proud to call home.
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