Abbotsford to have 234 secure rental homes built thanks to federal, provincial funding
ABBOTSFORD — The federal and provincial governments have committed joint funding toward building 234 secure rental homes through two projects in Abbotsford.
The Canada Mortgage and Housing Corporation (CMHC) announced Wednesday that the federal government will supply approximately $72 million in funding and partner with the B.C. government, City of Abbotsford and Affordable Housing Societies toward the two projects.
The announcement took place at 2946 Horn Street, where 104 new rental homes are being built for middle and moderate-income families, seniors and individuals. CMHC says this marks the first project under construction being delivered through the Canada-BC Builds Agreement where both governments commit a combined $4 billion in repayable loans to deliver more housing and more affordability than either could achieve alone.
The project features mix of one-two and three-bedroom homes to accommodate the needs of a diverse population. There will also be indoor and outdoor community amenity spaces, and new walking trails that provide easy access to schools in the neighbourhood.
