details about BC Builds, a new initiative that will "lower construction costs, speed up timelines, and deliver more homes that middle-income people who live and work in BC can afford."
The Province says BC Builds will partner with local governments, First Nations, non-profits, and the development industry to identify underutilized land, which will be pre-zoned for residential development. After a partnership is established — landowners will be able to find development partners through the upcoming BC Builds website, or on their own — BC Builds will then work with the relevant governments to accelerate the approval process.
On Tuesday, the Province also announced that 20 initial sites have been identified on underutilized land owned by governments, First Nations, and non-profits, and that BC Builds is now seeking partners to develop those sites. "Anyone looking for a place to live knows how hard it is – even if you make a decent salary there are not enough rental homes people can afford," said Premier Eby. "The private sector alone has not been able to deliver the homes middle-class people in BC need.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CTVNationalNews - 🏆 82. / 51 Read more »