Canada’s minister responsible for housing announced Wednesday that the federal government will provide nearly $500 million in low-cost loans to developers to build up to 1,100 rental units across nine sites in Vancouver.
But Sean Fraser was reluctant to share details or the locations of the projects. He only acknowledged one of the sites was a six-storey building under construction on the University of B.C. campus, where the minister made the announcement.
“Aside from UBC, we’ve discussed with some of the proponents that they have a desire to share their own news to celebrate the occasion in their own communities,” said Fraser, when asked by Glacier Media for details on the projects.
“You should expect in the weeks ahead, the individual project proponents will be looking forward to sharing the details of the specific projects that impact their communities.”
The project at UBC is in the 5700-block of Gray Avenue, where crews were busy Wednesday morning working on the 150-unit building. A mix of studio, one-, two-, three- and four-bedroom homes will be available for faculty, staff and other campus workers.
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