In 2018 the False Creek South Neighbourhood Association received funding from the Real Estate Foundation of BC and BC Housing, and in-kind support from the Co-operative Housing Federation of BC, to explore if there is support for a) working with an existing housing trust, or b) developing a new housing trust, that will manage development to help implement land use and housing policies City Council approves for False Creek South. This work grew out of considerable work that the False Creek South Neighbourhood Association has done on governance and resident engagement in the development of an emerging community plan.
A Housing Trust Advisory Committee was formed in 2019, and in 2021 the False Creek South Community Housing Trust was incorporated.