Storeys
On Monday, the Government of Canada announced that it has reached an agreement with the City of Richmond that will see the city receive $35.9M through the federal government’s Housing Accelerator Fund.
The funding is expected to fast track over 1,000 units of new housing over the next three years and 3,100 over the next decade. …
Monday’s announcement was made by Richmond Centre MP Wilson Miao, Steveston-Richmond East MP Parm Bains, and Mayor of Richmond Malcolm Brodie. Federal Minister of Housing, Infrastructure, and Communities Sean Fraser was not present for the announcement.
“The federal funding announced today represents a partnership over the next three years to add over a thousand units to our new home inventory, meeting the needs of Richmond residents with a focus on affordability,” said Mayor Brodie. “The funding will help the City implement eight specific initiatives to fast-track the creation of new housing units which will span the range of affordable home ownership – from market rentals, to non-market and low-end market rentals, to those needing supportive housing.” …