Eighty new affordable homes are now available for middle-income families and individuals with the opening of a new rental apartment building in Kelowna.
“Years of inaction on the housing crisis by the previous government meant people had been left behind, even people with middle incomes, like teachers, nurses and small business owners, who have struggled to find an affordable place to call home,” said Selina Robinson, Minister of Municipal Affairs and Housing. “Through partnerships, we are building safe, secure homes in Kelowna and elsewhere in the Province, so people can find affordable housing in their community, close to loved ones, work and the services they count on.”
Located at 726 Clement Ave., the six-storey building provides one- and two-bedroom rental homes for households with annual incomes ranging between approximately $52,000 and $71,000. Residents started moving in on Sept. 1, 2020.
The project was built in partnership with PC Urban Properties through BC Housing’s HousingHub program, which was created in 2018. It works with community, government, non-profit and private-sector partners to help create new affordable rental housing and home-ownership options for middle-income British Columbians.
“This has been a really unique and successful partnership with the Province and with the City of Kelowna to build safe, high-quality, attainable housing for middle-income earners,” said Brent Sawchyn, CEO, PC Urban Properties. "We are proud to have delivered this multi-use project ahead of schedule and we are excited to welcome people in. Leasing the apartments has exceeded expectations, which is testament to the need for this type of housing in Kelowna.”
The development includes a second six-storey building, which will provide 77 rental homes for people with middle incomes. Construction is expected to be complete by December 2020.
“Providing a variety of options across the housing spectrum is essential to meeting the needs of all Kelowna residents,” said Colin Basran, mayor, City of Kelowna. “As more of the population relies on rental housing, purpose-built rental housing in Kelowna will only become more important so residents have access to attainable and affordable housing.”
Delivering affordable housing is a shared priority between government and the BC Green Party caucus and is part of the Confidence and Supply Agreement.
- The Province, through the HousingHub, provided interim construction financing of approximately $39.5 million for the 157-unit project in Kelowna.
- The monthly rents for apartments are:
- one bedroom: $1,300/month
- two bedroom: $1,780/month
- Including these homes, the Province is working in partnership to build nearly 1,300 new affordable homes for people with a range of incomes in Kelowna and West Kelowna.
A map showing the location of all announced provincially funded housing projects in B.C. is available online: https://www.bchousing.org/homes-for-BC
To learn about the steps the Province is taking to tackle the housing crisis and deliver affordable homes for British Columbians, visit: https://workingforyou.gov.bc.ca/
A backgrounder follows.