British Columbia's Rental Protection Fund Announces Inaugural Acquisition
COQUITLAM, British Columbia, Feb. 08, 2024 (GLOBE NEWSWIRE) -- Today, the Rental Protection Fund (the Fund) and the Province of British Columbia announce the Fund’s inaugural housing acquisition.
- COQUITLAM, British Columbia, Feb. 08, 2024 (GLOBE NEWSWIRE) -- Today, the Rental Protection Fund (the Fund) and the Province of British Columbia announce the Fund’s inaugural housing acquisition.
- This announcement marks the transition of 290 co-operative housing units into non-profit mission-driven ownership with the Community Land Trust of B.C.
- “The impact of the Rental Protection Fund can already be seen and felt – and these are just the first of thousands of homes will grow our Community Housing sector while freeing up capital that can be redeployed into new supply,” said Katie Maslechko, CEO of the Rental Protection Fund.
- “That’s why we created the Rental Protection Fund to defend people’s homes against profit seeking speculators like big real estate investment corporations, and preserve safe, secure and affordable homes for generations to come.