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What is subsidized housing?
Subsidized housing encompasses all
types of housing whereby the provincial government provides some
type of subsidy or rent assistance, including public, non-profit
and co-operative housing, as well as
rent supplements
for people living in private market housing. Non-profits and
co-operatives are often called
housing providers
.
Financial support for subsidized
housing is generally administered based on
“rent-geared-to-income”.
Rent-geared-to-income is for low-to-moderate income
households. Tenants pay rent based on the
gross income of the household rather than paying the market rate.
Affordable rent is defined as costing no more than 30% of a
household’s total gross monthly income, subject to a
minimum rent that tenants will be asked to pay based on the number
of persons living in the home. Rent-geared-to-income units include
all public housing stock and many developments managed by
non-profit and co-operative housing providers.
Subsidized
housing developments are for people with low to moderate incomes,
including:
Subsidized housing in British Columbia includes public housing
managed by BC Housing and buildings operated by non-profit
societies and housing co-operatives.
Subsidized housing in British Columbia provides homes for
approximately 83,900 households, in over 150 communities across the
province. More than 720 housing
providers—non-profit societies and housing
co-operatives—manage about 59,500 of these
units. BC Housing manages an additional 7,800 public housing units
with the remainder of these units are
rent supplements
administered through programs such as the
Shelter Aid for Elderly Renters (SAFER)
and
Rental Assistance
Program.
1. Public housing
BC Housing manages 7,800 public housing units for low-income
families, seniors and people with disabilities. We also fund more
than 300 group homes for people with various special needs.
2. Non-profit housing
Non-profit housing societies also manage subsidized housing
developments across the province, and select tenants for these
buildings. Non-profit societies are landlords under the
Residential Tenancy Act.
3. Co-operative housing (Co-ops)
Housing co-operatives are jointly owned and managed by
residents, who become co-operative members. Members participate in
decision-making, share the responsibilities of running
the co-operative, and select new members.
4.
Rent
supplements
BC Housing provides rent assistance to seniors and low-income, working families in the private rental market through the following programs:
5. Low end of market units
Some non-profit and co-operative
housing developments have low end market units to rent, as well as
rent-geared-to-income units. Market unit rents are set at, or
slightly below, the rents charged for similar apartments in the
private market.
For more information click the links below:
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