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Valley Journal Advertiser - - COVER STORY -

Launched in April 2017, the RCFi has gen­er­ated a lot of in­ter­est and a high num­ber of qual­ity ap­pli­ca­tions. This is why, through Bud­get 2018, the govern­ment increased the amount for low­cost loans pro­vided through this ini­tia­tive from $2.5 bil­lion to $3.75 bil­lion from 2018 to 2021.

The RCFi will en­cour­age the con­struc­tion of more than 14,000 new rental hous­ing units across Canada.

Low-cost loans are avail­able to bor­row­ers who want to build af­ford­able rental hous­ing in Canada in re­sponse to demon­strated com­mu­nity need.

The rental mar­ket is an im­por­tant hous­ing op­tion for ap­prox­i­mately 30 per cent of Cana­di­ans.

Phase five of Wood­man’s Grove Res­i­dences will achieve en­ergy sav­ings of 73.7 per cent and a re­duc­tion in green­house gas emis­sions of 26.2 per cent.

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