If we want to permanently change the income mix of our HOMES BC development, what’s the process?
BC Housing may agree to adjust the income mix to reflect local
market conditions.
To make an adjustment in the income mix, you will have to
demonstrate the need for an alternative approach with supporting
figures. We require the following information to determine whether
the income mix should be adjusted to meet housing needs in your
community:
-
Does your waiting list show no or little demand for housing
by one of the target income groups?
-
Have you advertised to attract eligible applicants to fill
the vacancies you’re experiencing?
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Is your development listed with local and regional housing
registries?
-
Have you contacted community agencies, advocacy
organizations, and immigrant and refugee service providers to
ensure they are referring potential applicants to the
development?
-
What are the market conditions in your area?
For assistance and approval in adjusting the income mix of your
development, contact your Property Portfolio Manager (PPM).