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BC Budget 2024 includes modest spending increases in previously announced provincial housing measures.

British Columbia continues to lead the country in housing investments to benefit low- and moderate-income households. CHF BC, CLT, and the rest of B.C.’s community housing sector is pleased to see these investments maintained and, in some cases, increased.

On February 20, 2024, Canadian Prime Minister Justin Trudeau announced the federal government will be adding another $2 billion in financing to BC Builds

The announcement also included BC Builds’ fourth site with 112 new co-operative homes for middle-income households in Vancouver.

During his announcement of the acquisition of 2 Coquitlam housing co-operatives, B.C. Premier Eby discussed the important role that co-operative housing plays in meeting the challenges of the housing crisis.

During his remarks, he noted that co-ops are a model of housing that works. It’s stable housing, it’s affordable housing, and it’s also built-in community.

On February 8, 2024, B.C. Premier David Eby announced the historic acquisition of two Coquitlam housing co-operatives by the Community Land Trust. It was the first investment of the recently created Rental Protection Fund (RPF).

Check out the video of the announcement, as well as links to some media coverage.

Coquitlam is celebrating the acquisition and preservation of 290 co-op homes by the Community Land Trust. This was made possible through a contribution from the Rental Protection Fund (RPF).

This is a significant milestone for co-operative housing in B.C., It marks a crucial step forward in protecting housing security for co-op members in B.C.’s daunting housing landscape.

This video offers a detailed overview of the Community Housing Fund and a step-by-step guide on eligibility, program requirements and how to apply.

A $500-million rental-protection fund that will help non-profit groups purchase rental buildings has opened in British Columbia.

The fund aims to help First Nations and other non-profit groups buy older “affordable” rental buildings to preserve them as low-cost rental housing.

On June 16, 2023, BC Non-Profit Housing Association, the Co-operative Housing Federation of BC, and the Aboriginal Housing Management Association submitted our Budget 2024 consultation paper.

Taken together, our proposals will ensure that British Columbians have increased access to affordable housing and that their housing is affordable, safe, and in a livable state of repair.

Do you have lived or professional experience with disability, poverty, and social housing?

BC Housing is creating an External Accessibility Advisory Committee made up of people with diverse backgrounds who have lived and/or professional expertise with disability, poverty, and social housing.

Our Housing Central partners at the Aboriginal Housing Management Association (AHMA) are pleased to see significant investment in Affordable Housing and Homelessness across BC in the 2023 BC Budget. This investment is long overdue and needed as BC deals with a housing and homelessness crisis that disproportionately impacts Indigenous people and communities.

Investments will protect existing homes, accelerate funding for new affordable homes, and reduce the growing affordability gap for renters.

We understand there are many questions about when the Fund will be operational and how it will work, and we wanted to update you with the information we’ve confirmed over the past month.