Community Partnership Initiatives
BC Housing partners with municipalities,
non-profit societies and other community groups to implement
innovative strategies that create more affordable housing
for British Columbians in greatest
need. The Community Partnership Initiatives provide
mortgage financing for housing solutions, without the need for
ongoing operating subsidies.
Through the program, BC Housing provides advice,
referrals to partnership opportunities and interim financing, and
arranges long-term financing for non-profit societies to create
self-sustaining, affordable housing developments. BC
Housing’s capacity to provide financing with favourable
terms is the cornerstone of the program.
To date, the Community Partnership Initiatives
program has contributed to over 3,300 new units of affordable
housing. This achievement is a testament to the importance of
partnerships, particularly with the non-profit housing
for information on how to apply for funding under
the Community Partnership Initiatives.