The Rental Protection Fund Highlights Its Immediate Demand in First Official Report

The Rental Protection Fund (RPF) was established in January 2023 with a $500 million investment from the Province of British Columbia to secure 2,000+ rental units over three years. Since launching applications in July 2023, the RPF has received more than 70 applications from the community housing sector and has already identified 1,363 units in its pipeline for consideration. This report highlights the immediate need for the Fund's services and the potential for impact beyond the initial $500 million investment. The RPF aims to provide stable and secure housing for working families and individuals who are ineligible for subsidized housing yet still struggle with escalating rents.

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