Liberal minister says turning federal assets into affordable housing part of fix
OTTAWA — Procurement Minister Jean-Yves Duclos says the Liberals see turning federal assets into affordable housing as an integral part of fixing Canada’s shortage.
Duclos said in a recent interview that there is a need to repurpose office space into housing, as the federal government lets go of some properties in the National Capital Region.
He said his government has already started to convert other federal properties into modern housing projects, and it will continue to do more.
The procurement minister cited a $200-million fund that the government launched through the Canada Mortgage and Housing Corp. in 2018 to develop or renovate federal assets into affordable, accessible and socially inclusive housing.