The federal government says its low-cost loans program for affordable housing construction is being expanded to include student residences.
Housing Minister Sean Fraser made the announcement Monday in Ottawa. He said broadening the Apartment Construction Loan Program to include student residences will help students find housing across the country.
“This is an important policy change,” Fraser said. “It’s not just going to create more affordable places for students to live near where they’re going to school. It’s also going to relieve pressure on the housing market by freeing up housing supply that already exists in communities that are seeing students need to compete in
