Excessive Surplus

In programs where the operating agreement allows the retention of surplus funds, BC Housing reviews your accumulated surplus annually. The surplus guideline of $500 per unit is used as a typical maximum. Accumulated surplus amounts greater than $500 may be considered excessive, but this amount can vary, depending on the size of the development and what you intend to spend the money on.

For example, at $500 surplus per unit, an 80-unit development would have a $40,000 surplus, and amounts above that may be considered excessive, while a four unit development with an accumulated surplus of $3,200 — or $800 per unit — would not be considered excessive.

If you have excessive surplus funds and are not planning any capital expenditures, BC Housing may opt to redirect surplus funds greater than $500 per unit to other housing needs.