$50 million in low-interest loans available for developers of affordable rental units

    Wednesday, 31 January 2024 12:00

    By Tonya Organ

    The aim of the program is to help increase the availability of affordable housing as quickly as possible.

    Government is looking for property developers for new purpose-built residential rental projects. The program is part of the government’s five-point plan designed to help increase the availability of affordable housing. Up to $50 million in low-interest loans will be available for property developers to encourage the construction of new rental housing. The aim of the program is to help increase the availability of housing as quickly as possible. Expressions of Interest are being accepted until Wednesday, February 21st. More information can be found at gov.nl.ca

     

    To report an error, submit a news tip, or provide feedback, please e-mail news@bayfm.ca or call (709) 637-0183.

    More from Local News

     

     

     

    BayFM recognizes support from the following agencies:

                        

    Today's Weather

    • Corner Brook

      Light snow

      High: 1°C | Low: -7°C

    • Deer Lake

      Light snow

      High: 1°C | Low: -6°C

    • Stephenville

      Heavy snow

      High: 2°C | Low: -7°C

    Recently Played

    Podcasts

    • Qalipu Today

      Qalipu Today, December 2, 2025

      On this edition of Qalipu Today Kaylee Sullivan, Cultural Wellness Facilitator with Qalipu First Nation, shares updates on community initiatives happening throughout December.

    • BayFM On-Demand

      Corner Brook Mayor Linda Chaisson

      Corner Brook Mayor Linda Chaisson on Bay Fm

    • Sunday Night Geek

      Sunday Night Geek, November 30, 2025

      Sunday Night Geek, November 30, 2025