Rental
Fund
The Rental Protection Fund safeguards affordable housing, building a more sustainable and equitable future for British Columbians.
The most affordable housing we have, is the housing we've already got
British Columbia is losing affordable rental housing faster than it can be built. The Rental Protection Fund was established to break this cycle by supporting non-profit housing providers to acquire at-risk buildings and protect their affordability for the long-term.
Since launching in 2023, the Fund has provided housing security for more than 3,000 British Columbians while expanding the capacity of the community housing sector.
The affordable housing gap
Middle-income renters are increasingly struggling. Incomes have not kept up with rents and cost burden has significantly increased in the last 10 years. These households often do not qualify for subsidized programs but are still unable to afford market rents.
British Columbia has lost nearly 100,000 units renting below $1,000 per month between 2016 and 2021 - a trend that has accelerated in recent years. For every new affordable rental home that is built in B.C., four more are lost to investors, conversions, demolition and rent increases, preventing British Columbia from keeping pace with the demand for affordable housing.
Our approach
Learn more about how the Rental Protection Fund is preventing the loss of affordability through long-term community housing sector stewardship.
Community Ownership
Pre-qualified non-profits play a vital role in expanding affordable housing through the Rental Protection Fund.
Capacity
Building
Investing in people, organizations, and the tools they need to lead affordable housing into the future.
Retention & Renewal
Building the long-term impact of affordable housing by investing in renewal and sustainable retrofits.
Our impact
The Rental Protection Fund helps renters stay in their communities, providing stability built on the foundation of secure, affordable housing.
homes protected
communities across BC
below market rents
Housing security transforms lives
For Sonya Devost, a long-term tenant of the Claymore apartments, the sight of a "For Sale" sign on her lawn brought intense anxiety and uncertainty, fueling fears of eviction and displacement from her community. New Vista’s acquisition, backed by the Rental Protection Fund, ensured tenants like Sonya could remain in their homes and communities without fear of losing them.
“Last night was the first full night I slept, knowing that these guys are coming, and we were gonna be taken care of. My heart rate has gone back to normal, and I’m so happy to live here.”
The properties
The Rental Protection Fund has protected the affordability of 40 properties across British Columbia from Port Hardy to Vancouver to Vernon.
2860 & 2865 Packard Avenue, Coquitlam
3940 Pender Street, Vancouver
430 Michigan Street & 1500 Chambers Street
3806 24th Avenue, Vernon
211 Moilliet Street, Parksville
