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Rental Protection Fund

In January 2023, the Province of BC announced a $500 million fund to help protect affordable rental stock.

The Rental Protection Fund was designed to enable non-profit housing operators to acquire existing rental buildings and preserve their affordability. Non-profit societies and non-profit housing co-ops would be eligible  to access the Fund which is jointly administered by BC Non-Profit Housing Association, the Aboriginal Housing Management Association and the Co-operative Housing Federation of BC.

This may represent a new source of support for creating or expanding  non-profit co-op homes, but will will not eliminate the need for significant applicant capacity and resources.

Rental Protection Fund Website