BC Housing has asked us to repay the surplus from last year, but we will be short of cash if we do. Do we have to pay it back?

Yes, if the operating agreement requires you to repay any surplus funds or over payments to BC Housing for each fiscal year. If you do not have the funds to repay BC Housing, contact Program Operations staff at 604-433-1711 to discuss arrangements for repayment.

We will also work with you to identify the source of your cash shortage and to develop strategies to address the issue.