The B.C. government says a new funding partnership with Ottawa will help fast-track hundreds of supportive and transitional housing units across the province.

Through the federal Build Canada Homes program, B.C. will receive $170 million in capital funding.

The province is committing up to $200 million of its own capital dollars, plus as much as $27 million a year in operating funding for at least 10 years.

The combined investment is expected to accelerate more than 700 supportive and transitional homes province wide.

The focus is on projects that are already construction-ready and can break ground within the next 12 months.

That includes housing aimed at helping people transition out of homelessness, as well as affordable and permanent homes for people with the greatest needs.

While the province has not released a detailed community-by-community breakdown, BC Housing says projects across B.C. - including smaller and mid-sized communities like Campbell River, the Comox Valley and other North Island areas - are being prioritized where housing pressures are significant.

The federal funding will also unlock another $170 million in provincial dollars to support at least 400 additional homes through innovative construction methods.

That includes B.C.’s Digitally Accelerated Standardized Housing program, which uses standardized designs, digital permitting and prefabricated components to cut development timelines from about three years to as little as one.

To learn more, visit Government of Canada.