Fund Property Submission
Rental Building Eligibility Requirements

What Properties are Eligible?

  • For the acquisition of buildings not individual units

  • For the acquisition of self-contained units and not SROs

  • For the acquisition of existing properties and not new development

  • Properties must be at risk of a significant rent increase or redevelopment

  • Properties should be freehold, and of a scale and geography that is operationally efficient and aligned with the capacity of the organization

  • Properties must not be currently owned by a government, federal, provincial or municipal entity

  • Not currently bound by Operating Agreements AND not reliant on Operating Subsidies/Agreements once acquired

  • Supporting Housing Security, meaning existing tenants cannot be displaced

  • Must have a minimum of 5 units, 4 in rural and remote municipalities

  • To be eligible under the Rental Protection Fund, rental buildings must have a significant number of rental units attainable to middle-income British Columbians.

    If you have any questions about whether a property meets the affordability criteria of the Fund, please send the building’s rent roll to: info@rentalprotectionfund.ca.

  • Properties that have experienced high turnover in recent years may suggest that significant rent increases have already taken place, which could impact the eligibility of an acquisition.

  • There is an expectation that applicants obtain long-term, first-mortgage financing to support acquisition and/or renovation costs to the greatest extent possible.

  • The property’s capital project history including recent building envelope, plumbing, and roof replacement/repair projects is an indicator of the building’s condition and up-front capital costs. If upcoming work is expected to emerge through due diligence, applicants must have demonstrated experience in managing and delivering projects at a similar scale and scope.

Property Submission Form

Please use the following submission form to submit properties eligible for consideration under the Rental Protection Fund. These properties will be shared with pre-qualified non-profit applicants along with all material submitted through the form.