4 locations receiving funds through the Apartment Loan Construction Program
The federal government is providing more than $574 million in financing to help build about 950 rental homes in Vancouver.
It says the site, which is being built by Marcon Developments Ltd., has received $110 million through the fund to build 211 apartments in a mix of sizes, including two-bedroom units. Three other sites in Vancouver are also receiving loans from the program, which includes $185.4 million for 1099 Harwood Street, $184 million for 1066 Harwood Street and $94 million for 1317 Richards Street.
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