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Rental protection fund aims $15B at creating affordable rentals: Trudeau

Federal loan and contribution program in upcoming budget based on B.C. model
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Prime Minister Justin Trudeau greets contractors following a housing announcement in Dartmouth, N.S. on Tuesday, April 2, 2024. Trudeau says a new $1.5-billion housing fund will help non-profit organizations acquire more rental units across Canada and make sure they remain affordable. THE CANADIAN PRESS/Darren Calabrese

Prime Minister Justin Trudeau unveiled a new $1.5-billion housing fund Thursday that he billed as helping non-profit organizations acquire more rental units across Canada and ensure they remain affordable.

The new Canada Rental Protection Fund will be part of the April 16 federal budget, which Trudeau’s Liberals are already promoting aggressively as part of a long-term play to win back younger voters.

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