The B.C. government is working in partnership to build 114,000 affordable homes that cover the full spectrum of housing needs for British Columbians by 2028.
Budget 2018 included a $7-billion investment in the homes people need. As a result of that investment, more than 22,000 new homes are completed, under construction or in the approvals process for a range of people who are struggling to find a place to live, from people who are experiencing homelessness and seniors on fixed incomes, to middle-income families, students and individuals. As of Aug. 31, 2019, this includes:
Housing for middle-income earners (households with annual incomes between $50,000 and $150,000) – approximately 4,120 homes:
- Building BC: Community Housing Fund: approximately 1,500 rental homes for people with middle incomes
- HousingHub: approximately 2,620 homes
Housing for people with low to moderate incomes (including some where rents are based on 30% of household income and others with set rents, which are designed to be affordable; to moderate-income households, in most cases earning less than $70,000 annually) – approximately 9,320 homes:
- Building BC: Community Housing Fund: approximately 3,700 rental homes for people with low to moderate incomes
- Affordable Rental Housing Program: nearly 1,600 homes for low to moderate incomes
- Deepening Affordability Fund: more than 2,150 homes for low to moderate incomes
- Building BC: Indigenous Housing Fund: more than 1,170 homes for Indigenous peoples, on- and off-reserve
- Regional Housing First Program: more than 700 homes for people with low to moderate incomes
Housing for people experiencing or at risk of homelessness (shelter-rate housing) – more than 3,060 homes:
- Rapid Response to Homelessness: 2,064 homes with 24/7 support
- Building BC: Supportive Housing Fund: nearly 800 homes with 24/7 support
- Regional Housing First Program: more than 200 homes for those ready to live independently with supports
Housing for women and children leaving violence – approximately 360 homes:
- Building BC: Women’s Transition Housing Fund: approximately 360 spaces of transition, second-stage and affordable rental housing for women and children leaving violence
Housing for students – approximately 5,600 homes:
- BC Student Housing Loan Program: approximately 2,700 on-campus student housing units are underway or in the approvals process
- Nearly 2,900 student housing units are also underway or in development through partnerships with post-secondary institutions
Total: approximately 22,460 homes