1070-1819/016 - New Rental Housing Units Under the Building BC: Community Housing Fund, BC

REQUEST FOR PROPOSALS
RFP# 1070-1819/016
 
New Rental Housing Units Under the Building BC: Community Housing Fund
 
Within the Province of British Columbia
 
This Request for Proposals (“RFP”) is an invitation by BC Housing Management Commission (“BC Housing”) to non-profit housing societies or for-profit firms that partner with non-profit housing societies interested in developing and operating new low to moderate income rental housing units within the province of British Columbia that qualify under the new Building BC: Community Housing Fund program.
 
Unit Mix Details
 
Proposals must reflect the following mix of rents and incomes within a single building:
 
30% of Units Moderate Income - Affordable Market Rents
EligibilityCurrent low and moderate income limits per unit size ($71,200/$104,440 as of 01 April 2018), as determined by BC Housing[1]
RentsInitial rents established by BC Housing (based on CMHC Average Market Rent), with annual RTA increases. Must be maintained at no less than CMHC Average Market Rent[2].  
Income TestingAt move-in only
50% of UnitsHousing Income Limits – RGI
EligibilityBlend of incomes below HIL, residents selected from Housing Registry
RentsRents Geared to Income (RGI) per BC Rent Scale[3]
Income TestingAnnual
 
20% of Units Low Income – Deep Subsidy Units
EligibilityIndependent Households in receipt of Income Assistance or where RGI is equal or less than shelter component of Income Assistance. Seniors in receipt of only Old Age Security & Guaranteed Income Supplement
RentsRent Geared to income per BC Rent Scale[4]
Income TestingAnnual
 
 
Information Webinar:
 
Webinar:
 
A web-based information meeting will be held to explain the program and the RFP process.
 
Date: 29 May 2018    
Time: TBD
                 
Information Meeting details and log-in information will posted closer to the scheduled day
Timetable
 
Issue Date:                                           18 April 2018
Information Meeting Dates:               see above
Submission Date:                                17 Sept. 2018 @ 2:00 p.m. PT
 
 
Your proposal MUST be submitted using the following method:
 
Submit through MERX or email to: mlachocki@bchousing.org