Homes for the People – Housing Action Plan, BC 2023
On April 3, Premier David Eby and Minister of Housing Ravi Kahlon released their housing action plan, “Homes For People.” While much of the plan involves many previously announced commitments and plans, there are also new areas of commitment for the provincial government. Below is a summary of new policies announced in the plan.
Housing Supply
Development Process, Permitting and Approvals
Housing Demand
Anti-Money Laundering
Labour
Rental Housing
- exploring new opportunities and ways to build new rental buildings, as well as expanding and maintaining existing purpose-built rental buildings,
- making the renter’s tax credit permanent. This annual $400 income-tested tax credit for a renter household that makes less than $60,000 per year. Renter households that earn between $60,000 and $80,000 annually will receive an income-tested amount,
- increasing funding for the BC Rent Bank that provides interest-free loans and grants to renters in BC with low to moderate incomes, and
- mandating more data-sharing by short-term rental platforms.
Affordable Housing
- $394 million as an initial investment to help deliver up to 10,000 units at or near transit over the next 10-15 years,
- Creating more subsidized rental homes through an expansion of the Community Housing Fund,
- Doubling the number of homes delivered through the Indigenous Housing Fund,
- Doubling the number of homes delivered through the Women’s Transition Housing Fund,
- More on-campus rooms for post-secondary students,
- Work with co-op stakeholders and other partners to re-invigorate the co-op housing sector, including leveraging federal and provincial funding streams, addressing the issue of upcoming lease expirations, and examining new ways to grow the sector, and
- A new homelessness framework.
Additional Resources
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Liz PennerREALTOR
ABOUT LIZ PENNER | YOUR BEST LANGLEY REAL ESTATE AGENT
Liz Penner is a top-selling licensed real estate salesperson with the Fraser
Valley Real Estate Board and has been a top-selling realtor specializing in the residential resale of condos, townhomes, and houses for over a decade. Liz assists residents of the Langley and Surrey areas to sell real estate while looking out for the client’s best interests. Liz also helps first-time homebuyers, families, and repeat purchasers with their property search process, ensuring that her clients get access to the very best homes on the market while receiving excellent service ensuring that they find the perfect place to call home.
Liz holds a BBA in leadership and has completed a variety of specific training through the Fraser Valley Real Estate Board in the areas of selling strata properties, foreclosures, estate sales, and new construction properties. Liz is also well versed in POAs, the Strata Property Act, and more.
If you are looking for a knowledgeable and professional real estate agent that is willing to do everything possible to ensure that you get top dollar for the sale of your home or to find the dream home you are looking for in the Surrey and Langley, BC areas then get in contact today.
WHY LIST YOUR HOME FOR SALE WITH LIZ PENNER
- I’ve helped sell over 400 properties throughout the Langley and Cloverdale area, and I’d love the opportunity to do the same for you.
- I’ve experienced straightforward sales and sales that have gone off the rails, back on the rails, off the rails, and then back on again. That’s just the way the real estate train rolls, and it never rattles me.
- I’ve got a solid toolkit to pull from when a problem arises. I take my job seriously each time, and I will make sure you get top dollar for your Fraser Valley, Langley, or Cloverdale home, smooth sailing, or otherwise.