Construction cranes dot the skyline as condo towers are seen under construction at the Oakridge Park shopping centre redevelopment, in Vancouver, on Nov. 23, 2023. THE CANADIAN PRESS/Darryl Dyck
The federal government is providing more than $574 million in financing to help build about 950 rental homes in Vancouver.
The government says in a news release that a project on 42nd Avenue is one of four locations receiving funds through the Apartment Loan Construction Program, which offers repayable low-interest loans to encourage more rentals builds for middle-class Canadians.
It says the site, which is being built by Marcon Developments Ltd., has received $110 million through the fund to build 211 apartments in a mix of sizes, including two-bedroom units.
The government says the location is within the Oakridge town centre and is within walking distance to a Canada Line station.
Three other sites in Vancouver are also receiving loans from the program, which includes $185.4 million for 1099 Harwood Street, $184 million for 1066 Harwood Street and $94 million for 1317 Richards Street.
Harjit Sajjan, minister responsible for Pacific Economic Development Canada, says the need to build more housing is becoming increasingly crucial as the city’s population grows, and these projects are an “essential part of the solution.”
“When it is complete, these four projects will offer much-needed housing for families and individuals that are close to jobs, services and amenities in the community,” he says in the release.
Самый милый и жестокий шутер-рогалик AK-xolotl перенесли на Android
'The soundtrack to skate parks was punk rock music': Tony Hawk on the Tony Hawk's Pro Skater soundtracks, and how they shaped a generation of videogame skate kids
This underwater city builder had me more emotionally invested in my corals than SimCity does in my human citizens, and you can try it at the next Steam Next Fest
The Kingmakers system requirements show that the hardest part of running the game may be finding 80 GB free for the install
Матмуратов vs Полпудников: Главный бой АСА 187, непредсказуемый реванш
СЛЕДЫ НЕЙРО ИИ: СЕНСАЦИЯ В ДЕЛЕ ГРУППЫ ДЯТЛОВА: США И СССР ПОДГОТОВИЛИ СНОС...США. ОГРОМНЫЙ ПОЛИТИЧЕСКИЙ СКАНДАЛ. Новости! Россия, США, Европа могут улучшить отношения и здоровье общества?!
В Смоленской области планируют готовить специалистов в сфере реконструкции и реставрации памятников архитектуры
