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.