Canada provides $1.4 billion in deal with B.C. First Nation for 3,000 rental homes

The federal government is providing a $1.4-billion loan to a Vancouver First Nation to build 3,000 homes on land that was once an ancient village that was burned and expropriated a century ago.is the largest Indigenous-led housing and retail development in the history of Canada.

The on-reserve residential and commercial development will be built at the head of Vancouver’s False Creek, land that was returned to the nation by the courts in 2003. Prime Minister Justin Trudeau says the development’s additional supply of rental units has the potential to change both pricing and availability for housing in Vancouver.

When complete, the Senakw development with create 6,000 homes and the federal government has committed to finance the first two of four phases. The prime minister made the announcement before heading into a three-day cabinet retreat in Vancouver as the Liberal government prepares for the next sitting of Parliament.Sign up for our newsletter to get breaking news and daily digests sent to your email.Today Council Chairperson Khelsilem joined the Prime Minister Justin Trudeau for the announcement that the federal government will provide $1.4 billion to support the Sen̓áḵw development. This is the largest CMHC loan in Canadian history.

THIS leader of ours needs to do MORE AND BETTER NOW for seniors TOO!

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