Ottawa to offer universities, colleges low-cost loans to build new student housing
Housing Minister Sean Fraser says post-secondary institutions will be able to apply for low-interest loans to build student housing starting this fall.
Post-secondary institutions will have access to a pre-existing program that offers developers low-cost financing to build rental apartments.
The Apartment Construction Loan Program was topped up with an additional $15 billion this fall, bringing the total funding available to $40 billion.
Fraser is making the announcement today alongside other cabinet ministers as the House of Commons returns after a winter break.