Did you know that you could get up to $40,000 toward building a new affordable rental suite in your home? We spoke directly to the BC housing Incentive program and have confirmation that our tiny manufactured homes on wheels indeed QUALIFY for this incentive program!
Some highlights from the BC Housing Secondary Suite Incentive Program:
Homeowners who qualify will receive a forgivable loan of up to 50% of the cost of renovations, up to $40,000.
Recipients will receive their rebate in the form of a forgivable loan registered on the title.
For the loan to be forgiven, the homeowner must:
Continue to live in the home
The suite must be rented out below market rates for at least 5 years
To learn all about this program, read through the information in the fact sheet below. Applications will be accepted starting April 17th, 2024.