Rental housing for Penticton seniors gets financing help
Charles Manor will continue as a seniors' rental housing complex in downtown Penticton.
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June 17, 2015 - 11:59 AM
PENTICTON - A non-profit group recently purchased a seniors housing complex in Penticton and with a little help from the province rents are set to remain affordable.
The provincial government announced about $6.5 million in long-term financing for the Vancouver Resource Society to help cover the purchase price of Charles Manor. The financing will allow the society to continue operation of the building and maintain current support services.
"Our seniors population is growing, and there is strong evidence that helping seniors remain independent enhances their quality of life,” Penticton MLA Dan Ashton says in a release. “With an experienced operator like VRS at the helm, Charles Manor will not only provide stable housing, but the independence our seniors deserve
for many years to come."
The 84-unit independent living residence offers supports such as daily meals, weekly housekeeping, linen and laundry services as well as leisure and fitness activities.
The five-storey downtown building has been operating as a seniors’ residence since 2004.
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News from © InfoTel News Ltd, 2015