Funding partners

The magnitude of investment required to create new housing calls for a partnership model. No one level of government can do it alone. Given this shared responsibility, a public-private partnership model to develop new housing combines funds from all levels of government, and leverages private, non-profit and charitable sources. Once built, funding for ongoing operations of government-subsidized housing comes from a number of partners, including the provincial government, the federal government, tenant rent revenue, and revenue generated from land leases and other sources.

• Federal government
• Provincial government
• Municipal government

• Canada Mortgage and Housing Corporation - Canada Mortgage and Housing Corporation (CMHC) is Canada's national housing agency. CMHC partners with BC Housing through the Canada-British Columbia Affordable Housing Agreement . CMHC also contributes to other housing developments that are jointly funded with BC Housing through earlier housing programs. On June 19, 2006, the Government of Canada and the Province of British Columbia signed the social housing agreement transferring the administration of 51,600 units to the Province of British Columbia.

• Human Resources and Skills Development Canada - Human Resources and Skills Development Canada (HRSDC) provides financial support to address homelessness through the National Homelessness Initiative (NHI). The NHI helps governments and community organizations work together to alleviate homelessness. The Supporting Communities Partnership Initiative (SCPI) is the centerpiece of the National Homelessness Initiative. SCPI encourages provincial and municipal governments and the private and voluntary sectors to collaborate to strengthen capacity and develop new responses to homelessness. BC Housing works with HRSDC to develop new housing in BC.

• Ministry of Health
• Ministry of Employment and Income Assistance
• Ministry of Children and Family Development
• Provincial Emergency Program

• Union of BC Municipalities - The Union of BC Municipalities is an organization that has represented the interests of local governments in BC since 1905.

• Metro Vancouver - Metro Vancouver is a partnership of 21 municipalities and one electoral area that make up the metropolitan area of Greater Vancouver. The Greater Vancouver Housing Corporation is a subsidiary of Metro Vancouver, and manages more than 3,600 units of affordable housing around the Lower Mainland. You’ll find information about both on the Metro Vancouver website.