By Charlie Carey and The Canadian Press
Posted December 15, 2023 11:07 am.
Last Updated December 15, 2023 11:58 am.
The City of Vancouver and the feds have reached a deal under the Housing Accelerator Fund that they say will lead to over 40,000 homes built in Vancouver over the next decade.
In a news conference at a development in Vancouver’s West Side Friday Morning, Prime Minister Justin Trudeau, flanked by his housing minister and their provincial and city counterparts, said the federal government is stepping up to get needed homes built.
The deal will also see about 3,200 homes fast-tracked over the next three years, Trudeau said.
“The federal government is ready to keep being a partner with all [levels] of government, that are ready to make progress on building more homes, faster,” he said Friday.
Housing Minister Sean Fraser said the agreement will provide almost $115 million from the government’s Housing Accelerator Fund to cut barriers to building housing.
Fraser explained that he was encouraged by recent housing bills in B.C., and the actions by the City of Vancouver on housing.