VICTORIA — Non-profit and municipal housing providers can now apply for more than $775 million in total funding through the latest intake of the Building BC: Community Housing Fund.
The intent behind this round of funding is to deliver more than 4,600 rental homes and the Community Housing Fund (CHF) provides a combination of market rentals, rent-geared-to-income housing and deeply subsidized rental units.
Requests for proposals are now being accepted continuously, with appropriate deadlines for review of submissions. The application process has been improved with clearer forms that are easier to fill out and a streamlined evaluation process, states a release.
Funding is available to non-profit housing organizations, housing co-operatives, municipalities, First Nations and Indigenous-led housing societies.
Successful developments will be prioritized based on several factors, such as who will live in the homes and how the developments will help meet a community’s need for affordable rental housing, the release adds.
The CHF is a $3.3-billion investment to deliver and operate more than 20,000 affordable rental homes for people with moderate and low incomes by 2031-32.
Since 2017, the province has nearly 92,000 homes delivered or underway throughout B.C. through CHF and other provincial housing programs.
More information about the application process can be found here:
https://www.bcbid.gov.bc.ca/page.aspx/en/rfp/request_browse_public
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