B.C.’s rental protection fund helps non-profits secure nearly 1,500 homes, says Eby

The Canadian Press A British Columbia government fund to help non-profits buy rental buildings to protect tenants from eviction and maintain affordable rents is on track to exceed its target of 2,000 homes. Premier David Eby says the government’s $500 million rental protection fund has so far approved funding to provide 1,500 affordable homes under the project, with many more applications being considered. The government introduced the rental protection fund last year as part of its homebuilding and affordability agenda, to help preserve existing affordable rental properties and protect tenants from large rent increases. Eby says the latest projects include a 35-unit apartment in North Vancouver and a 40-unit multi-family building in Squamish that have been purchased by Indigenous-led non-profit housing agencies. He says both properties have rents that are…

This content is for Yearly Subscription, Yearly Subscription – Corporate, Print Subscription Only, and Canada Print and Online members only.
Register
Already a member? Log in here

Add Your Voice

Is there more to this story? We'd like to hear from you about this or any other stories you think we should know about. Contribute your voice on our contribute page.