The Seniors’ Rental Housing initiative is part of a new federal-provincial housing agreement announced in April 2009. This agreement provides for $123.58 million to create up to 1,000 housing units over the next two years for seniors and persons with disabilities. The federal and provincial governments will each provide matching contributions of $61.79 million. This new initiative will create approximately 800 jobs in BC. This initiative will focus on promoting partnerships with local governments, non-profit housing providers and the private sector, and will in most cases use modular, manufactured housing construction that promotes wood product use.