BC Builds homes for people: Landowners
BC Builds offers low-cost repayable construction loans to private developers to help make projects viable in the current high-cost environment and to build homes for middle-income households and families.
Offered by BC Housing
Amount
Low-cost repayable construction loans to private developers: interim construction financing at 2.75% (2026), 2.95% (2027), 3.05% (2028), 3.20% (2029); take-out financing and loan sizing at 4.55% (2026) and 4.59% (2027-2029), with a 35-year amortization and a 1.1 DCR
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Who can apply
BC Builds offers low-cost repayable construction loans to private developers to help make projects viable in the current high-cost environment and to build homes for middle-income households and families. Private developers that secure financing from BC Builds must deliver homes for households within the BC Builds income limits (up to $143,900 for residential units with less than two (2) bedrooms or up to $212,240 for residential units with two (2) or more bedrooms) for a period of 10 years.
About the funding
BC Builds offers low-cost repayable construction loans to private developers to help make projects viable in the current high-cost environment and to build homes for middle-income households and families.
Financing Rates
2026; Rates for interim construction financing: 2.75%
2027; Rates for interim construction financing: 2.95%
Show all funding details
2028; Rates for interim construction financing: 3.05%
2029; Rates for interim construction financing: 3.20%
2026; Rates for take-out financing and Loan Sizing: 4.55%
2027; Rates for take-out financing and Loan Sizing: 4.59%
2028; Rates for take-out financing and Loan Sizing: 4.59%
2029; Rates for take-out financing and Loan Sizing: 4.59%
- Loan sizing for all projects underwrite at these rates, with an amortization period of 35 years, and at a 1.1 DCR
- Take out financing is for a 35-year amortization and is available to non-profits, co-ops and public housing corporations
Similar programs
| Program | Type | Amount | Status |
|---|---|---|---|
| Apartment Construction Loan Program: Seniors Rental Housing | Loan | Up to 100% loan to cost for residential space and up to 75% loan to cost for non-residential space, with up to a 50-year amortization period | Open |
| Apartment Construction Loan Program: Standard Rental Housing | Loan | Low-cost loan of up to 100% loan to cost for residential space and up to 75% loan to cost for non-residential space, with up to a 50-year amortization period | Open |
| Apartment Construction Loan Program: Student Housing | Loan | Low-cost loan of up to 100% loan to cost for residential space and up to 75% loan to cost for non-residential space, with up to a 50-year amortization period and a fixed interest rate | Open |
| BDC Commercial real estate loan | Loan | Typically starts at $100,000 and can go up to several million dollars | Open |
