From that March 30, 2021 CHEK story about the $100 million loan (low interest, 10-year term) to build one building:
The $100-million loan is coming from the federal government’s Rental Construction Financing Initiative, which provides low-cost loans to encourage the construction of low-cost housing nationwide. The loan must be repaid within 10 years.
Minister Hussen said the federal government recognizes that housing is becoming increasingly less affordable in major urban centres nationwide, including Victoria.
“People like teachers, nurses, shopkeepers, firefighters, paramedics, construction workers. Those people are finding it harder and harder to afford rent in Canada’s urban centres,” he said.
Experts say Tuesday’s announcement by the feds is another step in the right direction, as it shows the Trudeau government is looking at rental housing as a real solution.
“The fundamental problem in Victoria is there are too many people and not enough places, so more homes will help,” said Thomas Davidoff of the UBC Sauder School of Business.
People are finding it harder and harder to afford rent. Supply and demand is relevant to the housing situation (and maybe not just in Victoria, you think?). Governments are now looking at rental housing as a solution. Thank goodness we have experts to inform us about such matters. Thank goodness we have governments and politicians to lead us.
The same crocodile tears, decade after decade after decade. The same lame efforts and excuses. The same mocking nonsense. Anyone who still believes in politics is getting exactly what they deserve. But unfortunately, those of us who have brains and souls are also suffering for your stupidity and self-centeredness.
Edited by aastra, 03 April 2021 - 12:10 PM.