BC’s Rental Protection Fund Announces Acquisition of 147 more affordable rental units across the Lower Mainland

The Rental Protection Fund has announced three new acquisitions in the Lower Mainland to enhance affordable housing. In Vancouver, a 24-unit building in Marpole will be protected. Burnaby will secure 79 homes through non-profit ownership, while Maple Ridge will see 44 townhomes remain affordable for families. The Fund aims to address the housing crisis by leveraging investments to provide housing security and stability. Since its inception, it has approved funding for nearly 1,500 homes across British Columbia, with more announcements expected.

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