Funding came through the federal Crown corporation’s $4.4-billion Housing Accelerator Fund.
The City of Duncan is getting $2.6 million from the Canada Mortgage and Housing Corp. to encourage construction of 313 new homes over the next three years.
The work will address the “growing need for housing by supporting a greater choice of housing options,” she said.The fund, unveiled in spring 2023, aims to boost housing supply and to encourage development of affordable, diverse and climate-resilient communities. It has a goal of 112,000 new homes developed across the country.
Efforts to support new housing will be seen in modifications to zoning, parking, design guideline updates, streamlining of the development application process and finding incentives to create affordable housing, the city said.
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