• 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.

  • Acquisitions must be aligned with the Applicant’s current portfolio/experience, and operational and administrative expenses should reflect reasonable OpEx ratios considering the size, age, condition and operational history of the buildings.

What Properties are Eligible
Fund Requirements

  • For the acquisition of buildings not individual units

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

  • For the acquisition of existing, occupied 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

  • Buildings must be primarily residential. Permitted commercial uses can not exceed a maximum of 25% of the building’s total floor space.