Ottawa, April 24 -- Prime Minister Mark Carney on Friday announced the approval of eight affordable housing projects in Ottawa that will deliver more than 1,100 new rental homes.

The projects, backed by the federal government's Build Canada Homes initiative, exceed initial targets by nearly 10%, with more than 90% of the units designated as affordable rentals.Most are expected to begin construction before the end of the year.

The announcement builds on a recently forged federal-municipal partnership with the City of Ottawa aimed at constructing up to 3,000 mixed-income affordable homes.

Since its launch in September, Build Canada Homes has committed to more than 10,000 housing units nationwide, with over 1,400 already under constructio...