Frequently Asked Questions
Need to know more about Community Housing? Read the Frequently Asked Questions below, or call us for more details.
- What is the Capital Regional Housing Corporation?
- The CRHC develops and manages affordable housing communities within the capital region for low and moderate income households.
- We have a long history of providing quality homes for over 39 years.
- We provide nearly 1,900 homes to over 3,500 people, in 50 housing communities across seven municipalities. More than one per cent of the population in the capital region live in our housing
- What is community housing?
Community housing is developed to create a home for everyone in the community: working and non-working people, families, and people with disabilities, all with differing income levels. We want to develop inclusive communities.
- Why are there income level limits for different units?
We receive funding from government partners such as BC Housing and Canada Mortgage and Housing Corporation to provide housing across the affordability spectrum. In order to provide for as many different community members as possible, income level ranges, both low and high, have been set. This ensures a benefit is realized for as many households as possible.
- What’s the difference between near-market, affordable and subsidized housing?
Near-market housing is priced below what the current private market will bear, usually around 10% to 15% less than full market rents.
Affordable housing is typically defined as rents set to at 25% below market rents. The rent amount is determined through an income range identified by BC Housing that is based on the income and rent level statistics for the region or city. Individuals who fall within the specified income range would be eligible.
Subsidized housing is defined as rent geared to a tenant’s income (often referred to as RGI). Subsidized housing eligibility has to be applied for, and is managed through the BC Housing Registry. For more information on how to apply, please see their website: https://www.bchousing.org/home
- What is the difference between the private rental market and CRHC housing?
The only difference is that CRHC housing is affordable for the long term.