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 sector.
Click here for information on how to apply for funding under the Community Partnership Initiatives.
A new affordable rental housing development is proposed to help seniors with low to moderate incomes.