Who is Eligible to Apply?

Applicants to the fund must be non-profit societies. This may include:

  • Incorporated under the BC Societies Act

  • Incorporated under the BC Cooperative Associations Act as Community Service/Non-Profit coops

  • Operating as non-profit societies

  • Incorporated under the Canadian Not-For-Profit Corporations Act

Compliance

Must be in compliance with all existing agreements, financial, audit and reporting obligations.

Declaration of any perceived conflicts of interested will be required.

Capacity

Must have experience of managing non-profit housing projects under an existing housing portfolio

Must demonstrate capacity to expand its operations to include the properties proposed for acquisition

Governance

A strong Governance structure is in place, organizationally and with regards to Acquisitions.

Board support for Application and Acquisitions Strategy.

For potential applicants applying as new subsidiaries of an existing organization, either with limited operational experience or newly incorporated this will also include documentation related to the applicable parent entity, including all of the above