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Global News: B.C. government announces new $500M affordable rental fund to protect renters

Darrian Matassa-Fung, Global News, January 12, 2023 (Mentions BCNPHA)

More renters in B.C. will be protected through the creation of a new $500 million Rental Protection Fund, according to the B.C. government.

B.C. Premier David Eby, along with his housing minister, made the announcement Thursday morning, saying the government’s actions will make a big difference for thousands of renters in communities across the province.

“We know finding an affordable home is challenging,” Eby said. “The long-lasting effects of the pandemic, our growing population, supply chain issues, and labour challenges are all contributing to a very serious housing crisis.”

“We expect the fund to protect renters in thousands of affordable units,” he continued.

Read the full article.

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