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:

provincial priorities are in alignment of the corporate goals and objectives around Facility Condition Index (FCI), liability levels and Portfolio Plans as outlined in BC Housing’s Service and Corporate plans (read Service Plan excerpt) ;
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.