The redevelopment of aging affordable housing properties will ensure that people in greatest housing need in B.C. will have improved access to housing that best meets those needs. The following are general business principles for the redevelopment process. Each project may develop specific principles relevant to the project.

Affordable housing residents at redevelopment sites will be considered first at all key stages of the redevelopment process.
There will be no reduction in the number of affordable housing units.
Any value realized from the redevelopment of a site will be reinvested to provide more affordable housing in B.C.
Redevelopment will provide safer and better quality affordable housing, reduced maintenance costs and better use of public funds.
Where possible, redevelopment will create mixed-income communities with affordable housing integrated into larger communities with other housing options.
All parties involved in a site redevelopment will strive to ensure it proceeds within a reasonable time-frame and is more environmentally sustainable.