4,900 affordable rental homes are set to be built within the next two to three years in BC.
The investment is aimed towards middle and low income residents.
Premier John Horgan said, “Years of inaction on the B.C. housing crisis left families struggling to get by and unable to get ahead.”
Horgan made the announcement outside of Chelsea Gardens in Vancouver, an affordable housing complex.
“Well I’m happy it will help a lot of people and it will be something they can afford,” said Eileen Runde, a 22 year resident of Chelsea Gardens.
“less worries for the families, it’s very hard for those with children… extremely hard, so I’m all for it.”