BC Housing Secondary Suite Incentive Program

 In Bylaws, Housing

What is the Secondary Suite Incentive Program?

Get up to $40,000 to help build a new affordable rental suite in your home.

The Secondary Suite Incentive Program will help homeowners create new affordable rental housing in their communities. The program will provide a rebate in the form of a forgivable loan—a loan that does not need to be repaid if the homeowner follows the terms of the program. The rebate will provide up to $40,000 for homeowners to convert part of their property into a new secondary suite.

Applications will open on April 17, 2024 and will be available for at least 3,000 homeowners over three years. The program is part of the Government of B.C.’s plans to create more affordable housing in British Columbia.

For information about the Secondary Suite Incentive Program and to sign up for updates, visit: https://bchousing.org/secondary-suite

Here is a simplified fact sheet: ADD Fact Sheet

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