Community Partnership Initiatives
BC Housing partners with municipalities,
non-profit societies and other community groups to implement
innovative strategies that create more affordable housing
for British Columbians in greatest
need. The Community Partnership
Initiatives arranges mortgage financing for housing
solutions, without the need for ongoing operating subsidies.
Through the program, BC Housing provides advice,
referrals to partnership opportunities and arranges construction or
long-term financing for non-profit societies
to create self-sustaining, affordable housing developments. BC
Housing’s capacity to arrange financing with favourable
terms is the cornerstone of the program.
To date, the Community Partnership Initiatives
program has contributed to over 3,300 new units of affordable
housing. This achievement is a testament to the importance of
partnerships, particularly with the non-profit housing
for information on how to apply for funding under
the Community Partnership Initiatives.