November 22, 2016 5:23 pm
Updated: November 22, 2016 5:36 pm

B.C. promises 2,900 affordable housing units

WATCH: The Province is rolling out its plan to address the affordable housing crisis in B.C. A 500 million dollar housing fund was announced in September and as Keith Baldrey reports, we are now learning how that money will be spent.

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SURREY, B.C. – Premier Christy Clark is promising to build 2,900 affordable housing units across much of British Columbia’s Lower Mainland in an effort to increase the supply of rental options.

The 68-project program was announced today at the site of a 40-unit housing development in Surrey for single mothers who have children with special needs.

The government is spending $516 million on projects for adults with disabilities, seniors, youth, aboriginal people and single women with children.

Housing Minister Rich Coleman says the funding largely comes from revenue collected through taxes on property transfers and foreign buyers.

Coleman says he expects the housing projects to be built within two years, and some have already been slated to start construction.

WATCH: B.C. Premier makes an affordable housing announcement 

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