The Housing Endowment Fund (HEF) has been enormously successful since its inception in 2007. The fund has allocated over $20 million to more than 40 unique housing initiatives. For example, HEF funding is helping the Vernon and District Community Land Trust Society to develop rental and affordable home ownership options for low-income individuals and families. The Chilliwack Supportive Housing Society has accessed HEF to buy an apartment building to help people with mental illnesses. And in Sechelt, the Sunshine Coast Association for Community Living is using HEF to help provide affordable housing for people with developmental and other disabilities live independently.

To see a list of approved proposals click here .

The HEF was established with a $250 million capital endowment to encourage new ideas and support innovative housing solutions for British Columbians most in need. The annual investment revenue is paid out in keeping with the mandate and purpose of the fund. The intent is to allocate available revenue on an ongoing basis each year.

The objective of the fund is to generate new ideas and support innovative housing solutions that address housing needs not adequately served through existing housing programs, and are sustainable without ongoing operating funding from the fund. Preference is given to housing initiatives that are consistent with the provincial housing strategy, Housing Matters BC , and address the needs of households with low to moderate incomes.

Initiatives must also have strong partnership contributions from local government, community organizations, private and non-profit sectors, and other government agencies.

With the enormous response to the fund, the HEF is now fully subscribed. Consequently, no new proposals are being accepted at this time.