Government releases request for proposals to create new affordable homes
The provincial government has released a request for proposals to create new affordable homes in the province’s rental market.
This year the budget allocated a $70 million investment for a new, three-year, Affordable Rental Housing Program. The program will provide one-time capital funding in the form of a forgivable loan to support the development of more than 850 new affordable rental homes throughout the province. These new homes will be developed through partnerships with the private and community housing sectors.
Seniors, as well as other vulnerable populations, including young adults, Indigenous peoples, persons with disabilities, newcomers, women and children fleeing violence and people experiencing homelessness, will benefit from these new homes.
Over the last two years, the government has created more than 1,000 housing options.