Mar 02, 2021 – Canada Mortgage and Housing Corporation

Today, The Honourable Ahmed Hussen, Minister of Families, Children and Social Development and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC), Patrick Weiler, Member of Parliament for West Vancouver – Sunshine Coast – Sea to Sky Country, and Karen Elliott, Mayor of the District of Squamish, announced a $40.55 million commitment by the Government of Canada, $1.6 million of which will be forgivable as part of the loan agreement.

The B.C. government is providing $9.5 million in funding for the project, and the District of Squamish is contributing an additional $4.1 million in funding. This partnership will provide a 232-unit independent living housing complex for seniors in Squamish.

“This is a major project that will provide secure and truly affordable housing for hundreds of seniors in Squamish. When the need has been so great for so long, I’m more than a little moved to know that this project is moving ahead as a result of this partnership between governments.” – Bowinn Ma, MLA for North Vancouver-Lonsdale

Read the full article at newswire.ca.