Seniors' groups and home builders in the Tri-Cities can tap into new sources of federal cash.
Liberal MP Ron McKinnon (Coquitlam-Port Coquitlam) announced this month a call for proposals under the New Horizons for Seniors Program, which promote seniors' volunteerism, mentorship and civic leadership.
The call is open until June 23 and eligible organizations can be granted up to $25,000. Last year, the feds handed out about $35 million in NHSP funding for nearly 1,850 community-based projects.
Meanwhile, federal loans to build new rental housing units is also now up for grabs, McKinnon said.
The Rental Construction Financing Initiative, which launched last month, provides up to $625 million annually — over the next four years — in low-cost lending to municipalities, non-profit groups and housing developers.
"Affordable rental housing is in short supply in British Columbia and I encourage developers in Coquitlam-Port Coquitlam to take advantage of this program,” McKinnon said in a news release. "The government’s new lending initiatives will leverage billions of dollars for investment in affordable housing to improve the quality of life for families across Canada."
