BC Housing is committed to protecting and managing our existing social housing stock for long term. To do this, we have a provincial capital planning process to aid us in identifying, assessing and prioritizing capital needs for both non-profit and direct-managed buildings. This process has been developed by BC Housing to ensure a consistent application of project development and management principles across the province. This process ensures:
capital decisions are made in context to the entire provincial portfolio;
savings due to economies of scale and bundling of projects are determined and selected; and
the availability of Provincial resources to respond to emerging priorities
Through the capital planning process, capital needs are identified, assessed and prioritized through the Modernization and Improvements program . These projects are then entered to the Provincial Priorization database, which provides a consolidated list capital needs for all non-profit and directly-management social housing in British Columbia. Available funding is then allocated to these capital projects annually and based on a priority ranking system.