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B.C. to receive $205-million in rapid-housing funding Published March 31, 2021
JONATHAN HAYWARD/The Canadian Press
The federal government has announced B.C. will get a total of $205-million from Canada’s new rapid housing initiatives and some of the money has already been used to buy three buildings in downtown Vancouver that will be converted to subsidized housing.
Wednesday’s announcement is among a torrent of federal events in recent weeks touting new housing measures by the federal Liberals.
In Vancouver, there has been an unprecedented level of acquisitions by the city and the province with the help of federal money. At least some of the money is meant to help Vancouver clear a large encampment of homeless people in Strathcona Park, near Chinatown, that has become a highly visible flashpoint in the city.