The funding covers 10 projects at varying stages of development. Some of the rentals will be specifically for Indigenous people and seniors facing homelessness.
With Burnaby still losing purpose-built rental homes, the B.C. government has announced it will invest $253 million across 10 Burnaby developments that will bring around 1,500 new affordable rental homes to the city.
He noted Burnaby is one of the fastest growing cities in B.C., making the demand for affordable housing in the city among the highest in the province.
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