The federal government has announced $25 million to help Coquitlam address its housing crisis. The funding will fast-track the construction of over 650 housing units and support seven projects. The money will be used for various purposes, including redeveloping underused sites, incentivizing affordable rental housing, and cutting parking requirements. Coquitlam Mayor Richard Stewart expressed gratitude for the funding and emphasized the importance of collaboration between all levels of government to address the housing issue.