BC Announces 17 Rental Projects Via Community Housing Fund

On Tuesday, the Province of British Columbia announced 17 new affordable housing projects that will together deliver nearly 2,000 residential units across the province.

The projects were announced as part of the third intake of the $3.3B Community Housing Fund, a program that was created in 2018 with the goal of developing over 20,000 affordable homes for individuals, families, seniors, Indigenous people, and people living with disabilities.

The 17 projects announced on Tuesday will produce 1,954 affordable rental homes spread out across Metro Vancouver and the coastal region, with each of the projects to be operated by a non-profit organization. Under the Community Housing Fund, 70% of a project's housing units are provided at rents that are geared to income while the remaining 30% are provided at or below market rents for households with moderate incomes.

"The rental housing crisis touches every corner of British Columbia, and we're thrilled to see that non-profits in Metro Vancouver will soon be constructing more than 1,900 new affordable rental homes," said Jill Atkey, CEO of the BC Non-Profit Housing Association. "These homes are critical for British Columbians experiencing affordability challenges today, but importantly, they will also be home to thousands more in the generations to come. But our work is not done, and we will continue to push every government to increase investment into safe, secure and affordable housing."

Minister of Housing Ravi Kahlon made the announcement on Tuesday at 7567 140 Street in Surrey, the site of an affordable housing development that received funding as part of the second intake of the Community Housing Fund. That project, which will be operated by the Kekinow Native Housing Society, is expected to be completed later this spring. The Province says it will launch the next round of intake in late 2024 or early 2025.

For this latest round, BC Housing accepted request for proposals between August and November 2023. The 17 projects that will receive funding are:

Bella Coola, Anukaliakuulhla Mnmntni, Bella Coola IR1: 20 homes for Indigenous elders, in partnership with the Nuxalk Nation.
Bowen Island, 1033 Miller Rd.: 24 homes for families and seniors, in partnership with Lookout Housing and Health Society.
Burnaby, 4170 James St.: 118 homes for individuals, families, and seniors, in partnership with the New Vista Society.
Burnaby, 7000 Lougheed Hwy.: 66 homes for Indigenous and non-Indigenous families and seniors, in partnership with M'akola Housing Society.
Burnaby, 3755 McGill St.: 48 homes for Indigenous elders and young families, in partnership with Action Line Housing Society.
Coquitlam, 290 Laval Square and 602 Sydney Ave.: 158 homes for families and seniors, in partnership with S.U.C.C.E.S.S. Affordable Housing Society.
Coquitlam, 708 Farrow St.: 21 homes for families and seniors, in partnership with VRS Communities Society.
Delta, 1050 54 A St.: 144 homes for seniors, in partnership with KinVillage.
Delta, 4603 Evergreen Ln.: 138 homes for families and seniors, in partnership with Affordable Housing Non-Profit Rental Association.
District of North Vancouver, Old Lillooet Rd.: 166 homes for families and seniors, in partnership with More Than a Roof Housing Society.
Maple Ridge, 22534, 22548, 22566 Royal Cres.: 98 homes for seniors, in partnership with the New Vista Society.
New Westminster, 1923 and 1927 Marine Way: 77 homes for young adults and women at risk of homelessness, in partnership with Aunt Leah's Properties.
Surrey, 9537 Prince Charles Blvd.: 62 homes for seniors, in partnership with Kekinow Native Housing Society.
Vancouver, 293 East 11th Ave.: 370 homes for families and seniors, in partnership with Coast Foundation Society.
Vancouver, 625 Pacific St.: 194 homes for families and seniors, in partnership with More Than a Roof Housing Society.
Vancouver, 525 Powell St.: 156 homes for families and seniors, in partnership with PHS Community Services Society.
Vancouver, 405 Jackson Ave.: 94 homes for families and seniors, in partnership with ALT Jackson Housing Society.

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Affordable Housing

BC Gov Announces 17 New Rental Projects Via Community Housing Fund

​The Province created the Community Housing Fund in 2018 and the 17 projects announced on Tuesday come as part of the program's third intake.

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The Province created the Community Housing Fund in 2018 and the 17 projects announced on Tuesday come as part of the program's third intake.

The 87-unit rental building at 4026 Quadra Street in Victoria was previously owned by Asfar Holdings Ltd. when it was placed under receivership in March.

The Madeira Manor site at 4330 Maywood Street (6677 Silver Avenue) in Burnaby was acquired by Thind Properties from Kirpal Group.