By Hope Lompe, Canada’s National Observer, Local Journalism Initiative Reporter
More than 380 rental homes have been preserved on Vancouver Island for people struggling to keep affordable housing, thanks to an initiative unique to Canada.
Established in British Columbia last year, the Rental Protection Fund allows non-profit organizations to purchase buildings at risk of redevelopment or where tenants likely face significant rent increases. To preserve affordable housing, the fund requires buildings to keep existing occupants.
Continue reading Non-profit housing fund preserved more than 380 homes on Vancouver Island