40 more affordable rental units open in Kelowna | iNFOnews | Thompson-Okanagan's News Source

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40 more affordable rental units open in Kelowna

Image Credit: ADOBE STOCK
August 29, 2021 - 3:56 PM

New affordable rental homes are now available for people with low to moderate incomes in Kelowna, with the opening of a new apartment.

“We know people across the southern Interior, and especially Kelowna, need more options for quality, affordable housing,” said Roly Russell, MLA for Boundary-Similkameen, in a press release issued by the province, Aug. 27. People started moving in July 29.

“Partnerships are key to success on these projects, so our government is proud to be working with NOW Canada Society and the City of Kelowna to help deliver the affordable homes that people need in Kelowna, and throughout the province.”

Located at 1060 Cawston Ave., the new homes are intended primarily for women, single-parent families and seniors, according to the press release.

The four-storey building includes a mix of studio, one, two, and three-bedroom homes. Monthly rents range from $375 to approximately $1,835, depending on unit size and tenant income.

The province provided $4 million from the Building BC: Community Housing Fund and will provide annual operating funding of approximately $204,000. The City of Kelowna contributed to the project by reducing development costs by roughly $33,000.

Solar panels on the roof will also lower energy costs for tenants, according to the press release.


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