By The Canadian Press

B.C. Builds

Trudeau boosts B.C.’s housing plan with $2 billion in federal financing

Feb 20, 2024 | 2:25 PM

VANCOUVER — Prime Minister Justin Trudeau says the federal government will be adding another $2 billion in financing to British Columbia’s plan to build more middle-income rental housing.

Trudeau calls the provincial housing plan, known as BC Builds, “ambitious and fundamentally practical” and says the additional federal financing will help create another 8,000 to 10,000 new homes.

The money comes on top of $2 billion in low-cost provincial financing to fast-track affordable rental developments on government-, community- and non-profit-owned and underused land.

The province is also committing $950 million to build rental homes under the program.

B.C. Premier David Eby says the additional federal funding will be “transformational.”

Two and Out

PETERS: Whether building up or tearing down, Kamloops is what you make it

13h ago

Sound Off

SOUND OFF: How to reduce food waste in Kamloops during the festive season

19h ago

Looped In

LOOPED IN WITH NIKKI OMEN: December 12, 2024

Dec 12, 2024

After the announcement, Trudeau is scheduled to visit a high school and meet students before an event at a community centre with seniors in the afternoon.