Manitoba government to put up $10 million for new housing investment trust

  • 📰 SooToday
  • ⏱ Reading Time:
  • 41 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 85%

Россия Новости Новости

Россия Последние новости,Россия Последние новости

WINNIPEG — The Manitoba government is putting up $10 million for a new fund aimed at getting more affordable housing units on the market.

The money is being used to start an investment trust that would work to attract private-sector investors then build new housing or convert existing buildings into affordable units.

The building projects could be run by non-profit groups, which could leverage more money from other government programs. Housing, Addictions and Homelessness Minister Bernadette Smith says the initiative aims to have three housing projects within the coming year, as a start. The trust is being developed by the Business Council of Manitoba and is formally called the Collaborative Housing Alliance Real Estate Investment Trust.

Council president Bram Strain says the government would get no return on its investment and some other big business investors would get little or no return, keeping the cost of new housing down."This is about taking care of our province, our citizens of our province … it's to help people."This report by The Canadian Press was first published Oct. 8, 2024

Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 8. in RU
 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Manitoba government to put up $10 million for new housing investment trustThe money is being used to start an investment trust that would work to attract private-sector investors then build new housing or convert existing buildings into affordable units
Источник: globeandmail - 🏆 5. / 92 Прочитайте больше »