Metro Vancouver mayors and B.C.’s Minister of Housing have announced a new collaborative effort to build affordable housing in the region.
The province, B.C. Housing and the Metro Vancouver Regional District announced Wednesday that they have signed a memorandum of understanding (MOU) agreeing to construct 2,000 affordable homes over the next 10 years.
A MOU is a legally non-binding agreement to establish a framework for co-operation towards a common goal.
The agreement follows the province’s recent Homes for People action plan to deliver new homes at a faster rate, which Housing Minister Ravi Kahlon says won’t be possible with the work of one tier of government alone.
“This challenge can only be addressed
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