Is there a maximum income ceiling to qualify for a co-op?

If you go to our Co-op Programs info page, you will see that non-profit housing co-ops are funded by different government programs, depending on when they were first developed. The co-ops that have income ceilings are funded under one of the following programs:

  • Section 61
  • Homes BC
  • Six BC co-ops funded under the Federation Co-operative Housing Program (ILM) have income ceilings. These co-ops were developed in the last year of the ILM program, around '92-'93

The dollar amount of the income ceiling varies. Other co-ops, as far as we know, do not have income ceilings.