Individuals, seniors, and families in need of affordable rental housing in Kelowna will soon have access to more than 130 new units of housing.
“With low rental vacancy rates in Kelowna, these new units will make a big difference to seniors seeking safe, affordable rental housing,” said Steve Thomson, MLA for Kelowna-Mission. “It’s good to see our government helping to translate a strong economy and balanced budgets into improved quality of life for our seniors.”
Four local organizations will receive a total of $18.4 million in capital funding for new housing projects that will provide safe, affordable homes for people with low to moderate incomes.
The Ki-Low-Na Friendship Society was given $8.2 million for a 42-unit housing project at 1759 Highway 33 East.
Pathways Abilities Society was given $3.2 million for a 22-unit housing project at 555 Fuller Ave.
Society of Hope is the beneficiary of $4.56 million for phase three of the Apple Valley Building (47 units) at 2075 Benvoulin Ct.
And the City of Kelowna was given $2.4 million for a 20-unit housing project at 170 Drysdale Blvd. After the project is developed, there will be an EOI issued for a non-profit society to operate the development in partnership with the city.
Jeff Simla, president, Society of Hope, said the funds his organization is receiving will go a long way to addressing needs already established in the community.
“With hundreds of housing applications already on file, we are very grateful that the provincial government is supporting the expansion of 47 more apartments at Apple Valley,” said Simla.
This follows two other affordable housing investments announced by the province this year totalling $855 million, including $500 million announced in September.
BC Housing staff will work with the successful proponents to fully develop the project plans and ensure the proper rezoning and consultation is considered and confirmed before construction.