Our Impact

The Rental Protection Fund is reshaping community housing and preserving affordability for all.

3000+ more British Columbians now have secure housing that they can afford

The Rental Protection Fund safeguards affordable housing by providing capital to non-profit organizations to acquire existing, occupied rental buildings—protecting affordability and stability for tenants.

Housing impact

We protect and renew affordable homes to help communities stay rooted. By securing below-market rents and family-sized units, we support long-term housing stability.

1,595

homes protected

41%

of homes protected have 2+ bedrooms

44%

below market rents

22%

below CMHC local average rents

Why acquisitions?

New affordable housing is foundational, but preserving existing affordable homes is just as crucial.  
Properties with significantly below-market rents continue to attract private and speculative investors eager to capitalize on opportunities for substantial rent increases and upside profits. Tenants can be displaced from their homes and communities. The Rental Protection Fund is a direct counter to this erosion, ensuring vulnerable housing stock remains affordable and protected for future generations.

Financial impact

Every acquisition catalyzes investment and grows the community housing sector.

$500M+

Increase in value for community housing sector

4x

the value of Fund investments attracted in private capital

$24M+

approved renewal grants

$266M+

funding committed

Sector reach

We’re transforming the community housing sector across British Columbia through collaborative partnerships.

36

properties acquired

21

municipalities

31

prequalified housing providers

32%

of B.C. multi-family apartment sales in 2024

The properties

The Rental Protection Fund has protected the affordability of 35 properties across British Columbia from Port Hardy to Vancouver to Vernon.

290
Units

2860 & 2865 Packard Avenue, Coquitlam

Acquired
February 2024
43
Units

3940 Pender Street, Vancouver

Acquired
March 2024
68
Units

430 Michigan Street & 1500 Chambers Street

Acquired
May 2024
26
Units

3806 24th Avenue, Vernon

Acquired
March 2024
50
Units

211 Moilliet Street, Parksville

Acquired
June 2024
40
Units

1098 Wilson Cres, Squamish

Acquired
June 2024

Driving innovation and national impact

The Rental Protection Fund's approach extends beyond preservation to innovation, attracting impact capital investment and inspiring the development of similar models nationwide. Aligned with major initiatives like the $1.5 billion Canadian Rental Protection Fund and $5 billion+ in CMHC programs, the Fund leverages data, strategic partnerships, and sound investment principles, emerging as a national leader in housing preservation and affordability innovation.