Through its Affordable Housing function, the Metro Vancouver Regional District undertakes activities that support and expand the availability of a stable regional supply of housing that is affordable. This includes both through increasing the supply of affordable housing units through development projects and partnerships, as well as through addressing housing affordability more broadly through policies and programs. This function also administers the federally-funded Homelessness Partnering Strategy in the region.
 
Through its Housing Services function, the Metro Vancouver Housing Corporation (MVHC) owns and operates 49 housing sites that provide 3,400 units of affordable rental housing for low to moderate income households across the region. The MVHC maintains existing assets, manages tenants, and builds communities within its portfolio of housing complexes and surrounding neighbourhoods.
 
The two functions work in close collaboration on processes and decisions related to the development of affordable housing projects, and in particular as they relate to the redevelopment of the MVHC portfolio of mixed-income housing complexes.