What is the Rental Protection Fund?

The Rental Protection Fund provides capital contributions to non-profit housing organizations to help them purchase existing, occupied, rental buildings — and retain that affordability and housing stability for tenants over time.

The Fund enables non-profits to leverage financing from additional sources to purchase rental buildings and, as that financing is paid down, draw on the equity to develop additional affordable housing and expand services.

What is the Fund’s objective?

The Fund's objective is to disrupt inequities in the housing market that lead to displacement, promoting opportunities to grow and prosper. By safeguarding affordable rental homes in the community housing sector and removing them from the speculative market, we can address threats to existing affordable housing supply including:

  • Redevelopment in the absence of strong tenant relocation and protection policy;

  • Property Disinvestment, deferred maintenance and gradual decline;

  • Bad-Faith Displacement, renovation-based evictions, illegal rent increases;

  • Rental Conversion, from long-term secured rental to short-term supply;

  • Rental Escalation, rents climb out of reach for all but those with high incomes.

Securing quality housing addresses the unmet needs of households with low- to moderate-incomes, reducing pressures on the limited supply of market rental housing without diverting additional public subsidy from those who need it most.

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