Is the transaction with the old rules in the Nation's best interest?
"Instead, using the old criteria, those apartments can be rented at around $2,200 using the household income criteria.
“Not sure in whose world $2,200 is affordable,” Mr. Pomeroy said."
"The government said the 50-year loan – funded through a special program in its National Housing Strategy – will create affordable housing, but is being offered under rules that housing experts say would allow rents that are too high to be called affordable."
Hundred dollar bills are pinned to a blanket worn by a member of the Squamish Nation during a ceremony and groundbreaking at the First Nation's Senakw housing development site.
DARRYL DYCK/THE CANADIAN PRESS