Provincial Rental Housing Corp to sign 60-year housing covenant

Provincial Rental Housing Corporation is slated to enter into a 60‑year housing agreement with the City of Vernon for a 48‑unit supportive housing development at 3201 24 Avenue. The covenant secures supportive rental units, enabling DCC waivers and a potential property tax exemption.

Document date · April 18, 2026

Track City of Vernon contracts

Get alerts when new contracts are awarded or existing ones approach renewal at City of Vernon.

Get started free

Create a free account · no credit card

Work in government? Get Civic IQ free

Scope & details

The full contract record, as filed.

Contract type

OTHER

Contract term

60 years from date of housing agreement registration

Renewal

Runs with the land as a Section 219 covenant and housing agreement for a fixed 60‑year term; City to discharge the agreement after expiry. No renewal options described.

Document type

Agenda

Source document

City of Vernon Affordable Housing Advisory Committee Agenda April 2026

Related contracts

Other contracts from Provincial Rental Housing Corporation.

View all →

City of Powell River AgendaPacket 2026-09-24

APPROVED

City of Powell River, CanadaSep 22, 2026

City of Powell River Minutes Regular Council Meeting 2026-09-03

APPROVED

City of Powell River, BCSep 3, 2026

City of Victoria Agenda Packet 2026-07-23

PENDING

City of Victoria, CanadaJul 23, 2026

City of Victoria Council Meeting Agenda April 2026

APPROVED

City of Victoria, CanadaApr 9, 2026

City of Nanaimo Regular Council Meeting Agenda March 2026

APPROVED

City of Nanaimo, CanadaMar 2, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by City of Vernon?

Provincial Rental Housing Corporation was awarded this government contract by City of Vernon, as recorded on April 18, 2026.

What type of contract is this?

This is a government contract, documented as a agenda record.

Where was this contract approved?

This contract appears in City of Vernon Affordable Housing Advisory Committee Agenda April 2026 (Agenda), dated April 18, 2026 from City of Vernon. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Provincial Rental Housing Corporation hold?

Provincial Rental Housing Corporation may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Provincial Rental Housing Corporation's profile

What is City of Vernon currently buying?

Explore City of Vernon's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View City of Vernon's profile