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Community Partnership Initiatives

The Community Partnership Initiatives (CPI) Program provides advice, referrals to partnership opportunities and long-term financing to help non-profit societies create self-sustaining, affordable housing developments.

The CPI Program has contributed to over 5,200 new units of affordable housing in B.C. This achievement is a testament to the importance of partnerships with the non-profit housing sector.

Units funded through this program provide a range of housing options along the housing continuum that can promote self-sufficiency, and help households move along the housing continuum. CPI also expands the supply and range of affordable housing in B.C.

For more information, please read the Community Partnership Initiatives Framework.

*Please note that to be considered for CPI funding, a project must be considered self-sustaining. CPI funding is not applied toward capital grants or operating subsidies.

Vancouver Coastal & Fraser Regions

Naomi Brunemeyer, Regional Director
Phone: 604-456-8849
Email: nbruneme@bchousing.org

James Forsyth, Regional Director
Phone: 778-452-6467
Email: jforsyth@bchousing.org

Interior & Northern Regions

Danna Locke, Regional Director
Phone: 604-439-4193
Email: dlocke@bchousing.org

Vancouver Island

Malcolm McNaughton, Regional Director
Phone: 778-452-2744
Email: mmcnaughton@bchousing.org 

Affordable rental housing financing

Read our Affordable Rental Housing Fact Sheet so you’re familiar with the program guidelines before you begin the application process. Here are the steps necessary to obtain CPI financing for your housing development: 

Step 1 – Arrange a meeting

Arrange an initial meeting with the BC Housing director of regional development who is responsible for your community. At this meeting, you will be able to obtain further information about the CPI Program, and we can learn about your specific business plan and financing requirements.

Step 2 – Analyze your business plan

Following this meeting, we will conduct an analysis of your business plan and financing requirements using the affordable rental evaluation matrix. Your society may be required to submit additional information.

Step 3 – Review your Provisional Project Approval

If your business model is feasible, we will issue a Provisional Project Approval letter that outlines the specific terms and conditions your society must meet for us to finance your project.

Step 4 – Request Final Project Commitment

Once your society has met the Provisional Project Approval conditions, you may request Final Project Commitment from us.

Step 5 – Receive funding

We will disburse the funds after we issue your Final Project Commitment and you complete any outstanding conditions.

Evaluation and selection

We evaluate submissions using the evaluation criteria below and through meetings with your representatives. Proposals that exceed a score of 60 per cent may receive Provisional Project Approval. We may then ask you to develop proposals within a fixed timeframe.

It is at BC Housing’s discretion whether proposals that meet the required score move to the next stage of approvals. We must consider a reasonable distribution of projects across the province and the available financing capacity under this Program. When the conditions of the Provisional Project Approval have been met, your project may be eligible for Final Project Commitment.

Mandatory criteria

  • The Society is a registered non-profit society.
  • Your society has  an ownership interest or substantial commitment in the property (substantial commitment refers to an undertaking, contract of purchase and sale or letter from the owner).
  • Your proposal provides sufficient information to assess against our CPI lending criteria.
  • The project demonstrates clear need and demand, with affordable rents, within the community.

Once you meet the above mandatory criteria, we will evaluate your project based on the matrix below.

Evaluation Criteria Description Weighting
Financial The project meets a minimum debt coverage ratio (DCR) of 1.2 for market rents or 1.1 for below-market rents, and demonstrates long-term financial sustainability without any subsidy. The audited financial statements demonstrate a feasible capital budget and financial viability of the society. 35%
Purpose The project demonstrates a clear need and demand within the region where the development is located for the affordable target market. 20%
Society Capacity The society has relevant and proven development, operating and management experience in affordable rental housing. The project team (if applicable) or key personnel identified have experience in this type of development. 15%
Housing Concept 
(construction and design of the development)
The development is appropriate for the target clients and program needs (as identified), including location, unit design, layout and site conditions. 15%
Partnerships and Equity The society has confirmed partnership and equity. This includes municipal support, equity and operating partners. >5%
Procurement Strategy The project shows a documented competitive procurement strategy that has been followed to employ the project team and services. If not already engaged, the strategy is described in the overall plan. 5%
Schedule The construction schedule and lease-up period for the project identifies a reasonable duration for the interim construction financing. 5%
Total   100%
Year Rates for
take-out financing
Rates for
interim financing
2016 2.5% 1%
2017 2.75% 1%
2018 3% 1.5%
2019 3.5% 2%
2020 4.5% 3%

Note: the forecasted rates are subject to change

Licensed care facility financing

Read the Licensed Care Facility Fact Sheet to learn about additional requirements for receiving financing in this category. Here are the steps necessary to obtain CPI financing for your facility:

Step 1 – Arrange a meeting

Arrange an initial meeting with the BC Housing director of regional development who is responsible for your community. At this meeting, you will be able to obtain further information about the CPI Program and we can learn about your specific business plan and financing requirements.

Step 2 – Analyze your business plan

Following this meeting, we will conduct an analysis of your business plan and financing requirements. Your society may be required to submit additional information.

Step 3 – Review your Provisional Project Approval

If the business model is feasible, we will issue a Provisional Project Approval letter that outlines the specific terms and conditions that your society must meet for us to finance your project.

Step 4 – Request Final Project Commitment

Once your society has met the Provisional Project Approval conditions, you may request from us a Final Project Commitment.

Step 5 – Receive funding

We will disburse the funds after we issue your Final Project Commitment and you complete any outstanding conditions.

Year Rates for
take-out financing
Rates for
interim financing
2016 2.5% 1%
2017 2.75% 1%
2018 3% 1.5%
2019 3.5% 2%
2020 4.5% 3%

Note: the forecasted rates are subject to change