Media Contacts

Ministry of Housing and Municipal Affairs

Media Relations
hmamedia@gov.bc.ca

BC Housing

Media Relations
media@bchousing.org

Backgrounders

Breakdown of Capstone funding partners
  • The Province, through BC Housing, provided nearly $16 million for the project:
    • nearly $13 million from the Building BC: Community Housing Fund; and
    • a cost pressure grant of almost $3 million.
  • The Province is also providing more than $1 million in annual operating funding.
  • A joint contribution of $2.6 million from the Canada-British Columbia Bilateral Agreement under the National Housing Strategy, also went toward the development.
  • The National Society of Hope provided land valued at nearly $5 million.
  • The City of Kelowna waived development fees of approximately $300,000.
  • FortisBC contributed almost $270,000 through its Commercial New Construction Program for an initial energy study and energy-efficiency measures.