The bill introduced Wednesday by Municipal Affairs and Housing Minister Steve Clark is part of the government's push to build 1.5 million homes in 10 years.

By collaborating with government, the industry aims to achieve net zero by 2050.

The organization will use the money from the federal government to build 271 rental units in Ottawa’s Vanier neighbourhood.

The renovation industry saw a boom in the first two years of the pandemic as people spent more time in their homes. That momentum has continued despite heftier costs and rising interest rates.

The transload facility will enhance the transfer of steel products between various vehicles at the Port.