Exciting News: BC Housing Offers Secondary Suite Incentive Program, and Lake Country Modular Can Help! : Lake Country Modular

Exciting News: BC Housing Offers Secondary Suite Incentive Program, and Lake Country Modular Can Help!

At Lake Country Modular, we’re thrilled to see BC Housing’s new initiative, the Secondary Suite Incentive Program (SSIP), making it easier for homeowners to create affordable rental housing. If you’ve been thinking about adding a secondary suite to your property, now is the perfect time! Not only does this program provide a forgivable loan, but Lake Country Modular is here to help you navigate the process and build the perfect secondary home.


What is the Secondary Suite Incentive Program?

The Secondary Suite Incentive Program (SSIP) is designed to help homeowners in British Columbia create affordable housing by offering financial support to build new secondary suites. By adding a secondary home on your property, you not only increase the value of your home but also contribute to the availability of below-market rental options in your community.

Here’s the exciting part: if you qualify, BC Housing will provide up to 50% of your renovation costs, to a maximum of $40,000, through a forgivable loan. This loan doesn’t need to be repaid if you meet the program requirements, such as renting out the suite at below-market rates for at least five years. Learn more about the application process.


How Does the Program Work?

Homeowners who meet the eligibility criteria can apply for financial assistance to help create a new secondary suite. This incentive is aimed at reducing housing shortages and offering affordable rental options across BC.

To qualify, you need to:

  • Be the registered owner of the property and live in it as your primary home
  • Have a combined household income of less than $209,420
  • Rent out the suite at rates below BC Housing’s market thresholds

The process includes confirming your zoning allows for a secondary suite, applying for building permits, and submitting proof of construction costs. Lake Country Modular can assist you in every step, from planning and building your new suite to ensuring it meets all program requirements.


Why Choose Lake Country Modular?

At Lake Country Modular, we specialize in secondary homes, whether you’re looking to add a suite, coach house, or modular home to your property. Our team is ready to assist with everything from design to construction, ensuring you take full advantage of the SSIP. We’ve worked with many homeowners across British Columbia to create custom, affordable housing options that meet the specific needs of their families and communities.

We understand the process can seem daunting, but we’re here to simplify it for you. From navigating zoning laws to securing the necessary permits, we’ve got you covered. And now, with the added benefit of BC Housing’s Secondary Suite Incentive Program, your dream of creating an affordable secondary home on your property is within reach!


Let’s Build Together!

If you’ve ever considered adding a secondary suite, now is the perfect time. Contact Lake Country Modular today, and we’ll help you explore your options, apply for the SSIP, and create a beautiful, affordable rental space that benefits you and your community.

Let’s work together to build homes that matter!

We respectfully acknowledge that LCM Homes is situated on the traditional, unceded territory of three Interior Salish nations: the Syilx, Secwépemc, and Nlaka'pamux peoples.