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Building BC: Community Housing Fund

The Building BC: Community Housing Fund facilitates the development of mixed income, affordable rental housing projects for independent families and seniors.

Webinar Questions and Answers

Read Addendum Five - Webinar Questions and Answers - CHF RFP for questions received during the May 29 CHF webinar (answers are in the webinar recording). This document also has answers to questions received after the webinar.

Overview

The Province recognizes there is an urgent need to create more options for those who are struggling to find suitable, adequate, and reasonably priced rental accommodation. This new investment under the Building BC: Community Housing Fund (Budget 2018) will address gaps in the market, creating homes for growing families, and seniors.

Learn more about the program: Community Housing Fund program

Request for proposals

The first Request for Proposals (RFP# 1070-1819/016) for new rental housing units under the Building BC: Community Housing Fund (CHF) was issued April 18, 2018 and will close at 2 pm PT on September 17, 2018.

Project proposals for the initial RFP will be evaluated and approval decisions made by November 2018. Approved buildings should be completed in approximately 18-24 months from the start of construction.

Project proposals must reflect the following mix of rents and incomes within a single building:

  • 30% Affordable housing (moderate income)
  • 50% Rent geared to income (housing income limit)
  • 20% Deep subsidy

New projects can be combined with an existing mixed-use site or existing housing if the new project is a separate and independently operating rental housing development (e.g. separate legal parcels or separate financial operations).

Who should submit a project proposal?

Non-profit housing providers or for-profit firms that partner with non-profit societies who are interested in developing and operating new rental units that qualify under the Community Housing Fund. Details on requirements and deliverables, the proposal review process, submission requisites and forms, and the CHF program can be found in the RFP document and appendices below.

Submission dates

RFP issued: April 18, 2018
Webinar: May 29, 2018 (see information below)
Submission deadline: 2 pm PT on September 17, 2018

May 29 Webinar

A recording of the May 29 webinar explaining the CHF program and the RFP process is now available.

Questions

Please contact Michael Lachocki at purchasing@bchousing.org