The Rental Protection Fund has pre-approved 22 non-profit housing organizations across BC to acquire 1,363 rental units, with 68% of them being studio or one-bedroom units and the remaining 32% being two- and three-bedroom units. These organizations have a collective portfolio of 287 buildings and 14,000 units across BC, and aim to preserve existing rental stock and affordability. This is despite some criticism that it is a waste of taxpayer dollars to spend money on aging buildings.
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