Learn more about B.C.’s Rental Protection Fund
Launched in June 2023, B.C.’s Rental Protection Fund provides one-time capital contributions to non-profit organizations to help them purchase existing, occupied, rental buildings – and retain that affordability over time.
In 2024, the Fund provided housing security for nearly 3000 British Columbians, through 35 property acquisitions comprising over 1,500 affordable rental homes.
The Fund's mandate is to equitably distribute its capital across B.C. ensuring that investments benefit communities of all sizes. In 2024, the Fund supported acquisitions in 20 municipalities with nearly one-third of all homes protected in small and rural communities.
A total of 30 non-profits are now pre-qualified, equipped, and ready to play an active role in reshaping the housing market. Those who have acquired through the Rental Protection Fund to date have grown their capacity by more than $450 million.
In the first half of 2024, we saw a seismic shift in the multi-family rental market, with Fund supported acquisitions accounting for more than half of multi-family sales in B.C. This made the community housing sector the largest player in the multi-family rental market.
- Learn more about the Fund and its impact in British Columbia
- Discover properties protected through the Rental Protection Fund
- CBC: B.C. announces first acquisition under $500M rental protection fund (February 8, 2024)
- Government of British Columbia: Nearly 1,500 affordable homes protected through Rental Protection Fund (August 22, 2024)
Expanding Affordable Housing Together
Addressing Canada's housing challenges requires collaboration across sectors. CHAF brings together capital, expertise, and partnerships to advance affordable housing solutions.
