TORONTO — The federal government is promising billions in low-cost financing to help rental homes in Toronto, including more than a thousand affordable units.

Ottawa says it will provide $2.55 billion in financing through its Apartment Construction Loan Program, to be administered by the Canada Mortgage and Housing Corporation.

The city says the money will go toward building more than 4,800 rental homes, of which at least 1,075 will be affordable housing.

Toronto says the money will go toward building more than 4,800 homes -- at least 1,075 will be affordable housing{ai:summary}<p>The Canadian federal government is set to offer $2.55 billion in low-cost financing aimed at increasing rental housing in Toronto. This funding, managed by the Canada Mortgage and Housing Corporation, will support the construction of over 4,800 rental units, including at least 1,075 affordable homes. </p><p>#economy</p>

Federal government promises $2.55B in low-cost loans to build Toronto rental homes

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