LATEST
NEWS

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.

The Rental Protection Fund Board of Directors recently announced that Katie Maslechko is the new Chief Executive Officer of the Rental Protection Fund. The appointment is effective April 26, 2023.

The announcement marks an important milestone in the rollout of this innovative, sector-led solution to the housing affordability crisis

The Rental Protection Fund Society is a non-profit society whose purposes are to facilitate the acquisition, stabilization, development, renewal and retention of real estate assets in British Columbia to support affordable rental and co-operative housing.

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.