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British Columbia's Rental Protection Fund allocates $71m to Community Land Trust of B.C. for purchasing 290-unit co-op housing in Coquitlam, preventing privatization.
British Columbia's Rental Protection Fund has announced its first project, providing up to $71 million towards the non-profit Community Land Trust of B.C.
to purchase two housing co-operatives containing 290 units in Coquitlam.
The Tri-Branch and Garden City co-operatives had faced potential privatization after their land leases expired in 2022.
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El Fondo de Protección de Alquileres de Columbia Británica asigna 71 millones de dólares al Community Land Trust of B.C. para comprar viviendas cooperativas de 290 unidades en Coquitlam, evitando la privatización.