Secondary Suite Incentive Program

Secondary Suite Incentive Program

Beginning in April 2024, the Province, through BC Housing, will introduce the Secondary Suite Incentive Program (SSIP).

The SSIP will be a three-year pilot program to provide conditional financial assistance to help homeowners construct long-term affordable rental units, including secondary suites and/or ADUs, attached or detached from the unit that the homeowners reside in.

Qualified homeowners would be eligible for a forgivable loan covering 50% of construction costs for installing a new secondary suite or ADU, up to $40,000.

  •  The loan will be available in the form of costs rebated to the owner after construction is complete and an occupancy permit is issued.
  • The loan will be forgiven if the homeowner meets certain conditions, including renting the unit at below-market rates, as specified in the program criteria, for a minimum of five years.

More information about SSIP can be found on BC Housing’s website( which includes an option to sign up for emailed updates.

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