The five executives in charge of BC Housing earned almost $1.35 million in compensation in the fiscal year 2017-18.
Shayne Ramsay, chief executive officer, led all executives with $357,620 in total compensation. Michael George Flanigan, vice-president and of development and asset strategies, followed him with $263,150.
BC Housing develops, manages and administers a wide range of subsidized housing options across the province under the auspice of the Minister of Municipal Affairs and Housing.
It works across 200 communities in British Columbia with more than 800 housing providers and provides some level of assistance to 104,025 households.
This figure includes 14,005 housing units that fall into the categories of emergency shelter and housing for homeless; 18,251 units that fall into the categories of transitional, supportive, and assisted living units, and 71,769 households that either live in independent social housing or receive rental assistance.
While BC Housing has had a long history in the Greater Victoria suburb of Saanich, it entered the public focus in 2018 with the emergence of a large homeless camp in Regina Park.
Its presence prompted the District of Saanich to enter negotiations with BC Housing, with Saanich offering land in exchange for supportive housing.
Those efforts, however, remain ongoing after BC Housing deemed the land offered by the municipality to be unsuitable.