CAPREIT Applauds Premier Eby’s Rental Protection Fund
OTTAWA, Jan. 19, 2023 (GLOBE NEWSWIRE) -- Canadian Apartment Properties Real Estate Investment Trust (CAPREIT) (TSX: CAR.UN) enthusiastically welcomes British Columbia Premier David Eby’s announcement of a $500 million Rental Protection Fund.
- OTTAWA, Jan. 19, 2023 (GLOBE NEWSWIRE) -- Canadian Apartment Properties Real Estate Investment Trust (CAPREIT) (TSX: CAR.UN) enthusiastically welcomes British Columbia Premier David Eby’s announcement of a $500 million Rental Protection Fund.
- The fund will provide non-profit housing organizations with one-time capital grants so they can purchase affordable residential rental buildings to preserve affordability of those rental units for the longer term.
- The British Columbia government expects the fund to protect thousands of affordable housing units throughout the province.
- “CAPREIT is focused on providing new rental housing supply to British Columbia and Canadian families, supporting the building of new homes our growing country needs.