Turnock Manor in Maple Ridge is BCH Directly Managed’s first market rental building. Rather than our usual rent-geared-to-income (RGI), tenants pay fair market rent and are not required to be on the housing registry to apply. Fair market rental is an area that BCH Directly Managed had not yet explored, and Turnock Manor is the test case for the viability of purpose-built affordable housing projects that will break even and cover their development, land, and operational costs. Fair market projects aim to address newer areas on BCH’s housing continuum and may be a new trend for our property portfolio. Application Services also needed to jump in to figure out a new process for potential tenants to apply. Fraser Region A New Model with Turnock Manor
The first tenants moved in December 15 and the initial reviews have been nothing but positive
Also notable is that Turnock Manor joins Byrne Creek, Lions Park, and The American, Station, and Thornton hotels as the six properties that Vancouver Coastal and Fraser Region have taken over management for this year – a remarkable achievement in itself.
Operations 2021 – a year in review
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