Trudeau announces $500M public lands acquisition fund to acquire lands for affordable housing

There is great potential to build more housing, but we all have to step up, all of us together. As part of our work with municipal, provincial and private sector partners, we will launch a $500 million public lands acquisition fund so we can purchase land from other levels of government and build more middle class homes. Another thing we’ll do is lease public lands instead of selling them off, selling them off wherever we can. Leasing public lands to partners means that public lands stays public and an affordable home therefore will stay affordable. Many of these public lands will be unlocked for long term Co-op homes, long term, long term affordable rentals and issues like that where the long term ownership is not an issue, 100 year leases or 99 year leases are the kinds of things that. Don’t make sense if you’re talking about a single family property, but as soon as you’re talking about row homes or cooperatives make a lot more sense. And those are the kinds of things that ensure that not just right now for the next five years before the next generation, the federal government retains a level of control and accountability over what actually gets built on these so they don’t get flipped over into luxury condos after a.