1070-17158/117 - Expression of Interest for Columbia Basin Investment in Affordable Housing(CBIA)

Expression of Interest
For Columbia Basin Investment in Affordable Housing (CBIAH)
 
Introduction
 
This Expression of Interest (EOI) is issued by BC Housing Management Commission (‘BC Housing”) and Columbia Basin Trust (the “Trust”) to non-profit housing societies, First Nations communities, municipalities, the private sector and other community groups interested in creating new affordable rental housing units for low to moderate income households within the Columbia Basin Trust Region (Basin). Respondents to this EOI and their employees are expected to have the necessary experience, resources and capacity to undertake such a project. Respondents may partner with other organizations to strengthen their proposed project.
 
Columbia Basin Trust, BC Housing and the Columbia Basin Investment in Affordable Housing Initiative (CBIAH) Background
 
The Trust has identified affordable housing as a strategic priority. The Trust has actively invested in housing for more than a decade and helps address a variety of housing needs in the Basin. Housing needs for Basin communities vary by location, size, demographic need and economic means.
 
BC Housing was established as an agency of the Province of British Columbia in 1967 to manage provincial and federal-provincial housing and property. In all its programs and activities it is accountable to the provincial ministry responsible for housing. The Provincial Rental Housing Corporation (PRHC) operates closely with BC Housing and any subsequent mention of BC Housing may include the PRHC as a partner or as the sole entity being referred to.
 
Minimum Requirements
 
BC Housing and the Trust are particularly interested in submissions from respondents that:

• Have a stated purpose of providing affordable housing.
• If respondents have previously worked with BC Housing, respondents must be considered to be in “good standing” with BC Housing to be furthered considered. Good standing is defined as having engaged in positive historical financial and operating reviews with BC Housing. This would include maintenance practices, review observations, accounts receivable, financial risk assessments, as well as reporting practices as covered during these reviews.
• Respondents who have no previous relationship with BC Housing or the Trust are encouraged to submit their proposals.