What is Affordable Housing?
Affordable housing helps relieve financial strain by making rent manageable. This allows individuals and families to focus on building stable, healthy lives.
The escalating costs of housing are placing stable, secure homes out of reach for many individuals and families. Affordable housing is crucial for creating communities where people can thrive without compromising other basic needs. A housing-first approach is essential for building strong communities. When individuals have access to stable housing, they can focus on achieving their goals in other areas of life and actively contribute to their communities.
What is Affordable Housing?
BC Housing defines affordable housing as homes offered at below-average market rates, specifically designed for those with low-to-moderate incomes who may not qualify for subsidized housing.
Typically, affordable units cost no more than 30% of a household’s income before taxes, helping people manage housing costs alongside essentials like food, healthcare, and transportation (CMHC, 2018).
Affordable housing rates are typically set using local market data to reflect the unique needs of each community. With that said, eligibility often depends on specific requirements such as the ability to live independently, have a consistent income, and meet Canadian residency guidelines. Some options, like co-ops, encourage residents to contribute to their community through shared responsibilities, creating a more engaged living environment (BC Housing). This aligns with a housing first approach, which emphasizes stable housing as a foundation for addressing other needs and fostering long-term well-being.
Why it Matters
With rising housing costs, many people are forced to make tough choices between paying rent and covering other basic needs. Here are some key statistics that underscore the need for BC affordable housing:
Affordable housing, rooted in a housing first approach, helps relieve financial strain by making rent more manageable. This allows individuals and families to focus on building stable, healthy lives.
Connective’s Housing Programs
At Connective, we work to help people find affordable housing in BC. Through the Rental Protection Fund (RPF), Connective purchased 436 housing units in Maple Ridge, Duncan, Campbell River, Port Hardy, and Fort St. John in 2024. Thanks to this funding, we will be able to keep rents below market rates, ensuring these homes can continue to support families and multi-generational households.
In addition to our RPF properties, Connective assists individuals at risk of or experiencing homelessness by helping them overcome barriers to finding stable housing. Our housing first approach includes supporting people with tenancy skills, providing financial help for basic needs, and connecting people to resources. Some of our programs include:
Rent Bank BC
This program offers interest-free loans of up to $1,500 to low to moderate income renters who are struggling to pay rent or essential utilities. Loans are paid directly to landlords or utility providers, with repayment plans ranging from six to 36 months.
Homelessness Prevention Program (HPP)
The HPP helps individuals at risk of homelessness find BC affordable housing and provides them the necessary resources to maintain their housing long term. Support may include financial assistance, connections to housing resources, and help with securing essential items and services.
Reaching Home
This program supports individuals facing barriers such as mental health challenges, addiction, or homelessness, by helping them find long-term housing and connecting them to community resources. Reaching Home also provides financial subsidies for rent, housing start-up costs, and other basic needs like furniture and groceries.
To learn more about these programs and how they can help, we encourage you to explore our programs.