The probe revealed mismanagement related to a conflict of interest between the former CEO, Shayne Ramsay, and his spouse, Janice Abbott, the CEO of Atira Women's Resource Society, BC Housing's largest housing operator.
VICTORIA — The British Columbia government is restricting new funding to a major non-profit housing provider and reviewing its finances after an independent report found mismanagement by a former top executive at the province's housing corporation.
The review found Ramsay repeatedly influenced decisions that benefited Atira, and a lack of oversight by the agency's board "resulted in a culture whereby it was deemed acceptable to tolerate non-compliance with policies." While the investigation uncovered financial mismanagement, it did not find evidence that public money had been stolen, Premier David Eby told a news conference shortly after the report was tabled in the legislature on Monday.
Housing Minister Ravi Kahlon told the news conference that BC Housing's new leadership has committed to implementing all 20 recommendations by next spring. "For people who are currently living in government-funded housing that's managed by Atira ... financial support that provides and enables the staffing for that housing, that keeps that housing open, that subsidizes rent, will continue to flow."
Eby, who was the minister responsible for housing at the time, said the government commissioned the review to ensure the corporation could deliver on its mandate, considering B.C.'s plan to spend $7 billion on affordable housing over 10 years.
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