Like the show? Send me a text (if you don't like it, shhh ;)
In this episode of the 'Keeping it Real' podcast, Jacquie McCarnan dives into the recent announcement by the BC government to invest $950 million and provide $2 billion in low-cost financing to build purpose-built rentals on public lands. The focus is on addressing the housing affordability crisis for middle-wage earners, such as teachers, nurses, and police officers, who struggle to live in the areas where they work.
Jackie breaks down the government's three-pronged plan, including connecting landowners with developers, streamlining the building approval process, and providing financial support for developers. She also discusses the importance of creating affordable rental housing and shares insights on how these initiatives could impact the market. However, she raises questions about the effectiveness of the plan, particularly regarding the percentage of units offered below market rates.
Don't miss this insightful discussion on various government initiatives and their implications for renters and homeowners alike. Tune in now!
What was covered:
Like the show? Send me a text (if you don't like it, shhh ;)
In this episode of the 'Keeping it Real' podcast, Jacquie McCarnan dives into the recent announcement by the BC government to invest $950 million and provide $2 billion in low-cost financing to build purpose-built rentals on public lands. The focus is on addressing the housing affordability crisis for middle-wage earners, such as teachers, nurses, and police officers, who struggle to live in the areas where they work.
Jackie breaks down the government's three-pronged plan, including connecting landowners with developers, streamlining the building approval process, and providing financial support for developers. She also discusses the importance of creating affordable rental housing and shares insights on how these initiatives could impact the market. However, she raises questions about the effectiveness of the plan, particularly regarding the percentage of units offered below market rates.
Don't miss this insightful discussion on various government initiatives and their implications for renters and homeowners alike. Tune in now!
What was covered: