The Rental Protection Fund, launched in July of 2023 with the goal of ensuring the availability of affordable rental units, not only managed to provide long-term rent protection to 650 residential units across greater Vancouver in its first year of operation. In that time, non-profit and First Nation groups leveraged the fund to acquire more than $210 million in multifamily property.
This New Investment Fund Has Brought Multifamily Purchases by Non-Profits to New Heights in Its First Year
Non-Profits May Offer an 'Escape Route' for Apartment Landlords Stymied by Rent Caps
By Paul Richter
CoStar Analytics
August 16, 2024 | 9:43 P.M.
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- Properties
- 115 Place
9380 Cardston Crt, Burnaby, BC