The federal government announced $204.8 million for 404 rental homes in Vancouver through the Apartment Construction Loan Program. This initiative aims to build over 131,000 new apartments across Canada. The program provides low-interest loans to encourage the construction of rental homes for middle-class Canadians. Budget 2024 allocated an additional $15 billion for building new rental apartments, bringing the total funding to $55 billion. The National Housing Strategy has committed over $42.99 billion to support housing creation and repairs, prioritizing those in greatest need.
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