Federal government invests $208 million in south Vancouver rental housing

The federal government is investing $208 million to build 422 purpose-built rental units across three projects in Vancouver's River District. The funding comes from the Rental Housing Finance Initiative (RCFi), a Canada Mortgage and Housing Corp. (CMHC) rental financing program. The announcement was made by Harjit Sajjan, minister of emergency preparedness and the minister responsible for the Pacific Economic Development Agency of Canada. The projects aim to provide relief to the housing pressures faced by many Vancouver residents, and will include retail aspects. The announcement comes days after Prime Minister Justin Trudeau said that housing “isn't a primary federal responsibility