Greater Victoria municipalities will get $13.1 million from a new federal fund for emergency housing, announced yesterday. The $1 billion Rapid Housing Initiative will create as many as 3,000 homes for Canadians in need across the country.
The government determined how much of the fund cities will get by metrics such as the percentage of people experiencing homelessness, and the level of renters in severe housing situations. The initiative provides cash to quickly build modular multi-unit rentals, and to transform abandoned or derelict and non-residential buildings into livable, affordable housing units. Applications can be submitted until the end of the year to the Canada Mortgage and Housing Corporation.