Thousands Of New Affordable Homes Coming For Renters

New affordable rental homes for people with moderate and low incomes will soon be on the way as the Province is inviting non-profits, First Nations, municipalities, and other organizations to submit proposals for the Building BC: Community Housing Fund (CHF).

“We are in a housing crisis, and this new round of CHF funding will ensure more people have access to an affordable place to live by creating approximately 3,500 homes,” said Ravi Kahlon, Minister of Housing.

“This is a significant step toward our goal of 20,000 CHF-funded homes by 2032, as our province increases its housing stock faster than ever so people have the homes they need now and into the future. Together, with our many partners, we’re making progress, but we know there’s much more work to be done.”

Proposals will be accepted until mid-November with projects totaling approximately 3,500 units to be announced early next year.

Non-profit organizations, housing co-operatives, municipalities, First Nations, and Indigenous-led societies are encouraged to submit their housing proposals and apply for funding.

Projects will be prioritized based on several criteria, including populations and the effect the project would have in addressing the community’s affordable rental housing need.

To see the full release, visit Government of British Columbia.