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B.C. Plans $500M Fund to Keep Older Rental Buildings with Non-Profits

The provincial government has announced plans to create a $500-million fund that will enable non-profits to buy older rental buildings in B.C., rather than allowing those buildings to be sold to developers. The Bill, called Rental Protection Fund, aims to protect tenants form rising rents across the province and give non-profit housing organizations a one-time grant so they can buy affordable rental buildings. Read this news article to learn more.