Construction underway on more affordable rental units in Kelowna – Okanagan | 24CA News
Construction is underway on extra inexpensive housing in Kelowna.
On Friday, federal, provincial and native housing officers introduced they have been spending $14.1 million on 75 rental models aimed toward seniors, households, individuals with disabilities and people with low-to-moderate incomes.
The low-rise condo constructing is situated at 651 Cambridge Ave., and will likely be operated by the Society of Hope.
“Every Canadian deserves a safe and affordable place to call home,” stated federal housing minister Ahmed Hussen.
“By investing in affordable housing, we’re creating communities that Canadians can feel proud to call home, communities where they’ll prosper and thrive.”
The constructing will characteristic 48 condo models and is a part of the Pleasantvale 2 undertaking, which is able to characteristic 27 townhomes aimed toward households with low-to-moderate incomes.
The province says development of Pleasantvale 2 is at present underway and is anticipated to be full in early 2025.
“This development is part of our government’s commitment to boost affordable housing supply in Kelowna and create more options for people in B.C.,” stated provincial housing minister Ravi Kahlon.
“Thanks to partnerships with municipalities like the City of Kelowna, and community leaders like the Society of Hope, we’re making significant progress as we work to build homes faster here and in every part of the province.”
The federal contribution was $4.6 million with the province including $8.7 million. The metropolis contributed $802,530, with one other $50,000 coming from the Rotary Club of Kelowna.
“The City of Kelowna was pleased to contribute more than $800,000 through land acquisition to the development of this much-needed housing,” stated Kelowna Mayor Tom Dyas.
“By acquiring a portion of this property so that the next phase of Pleasantvale could be built, we will now have 75 new affordable homes for seniors, and single-parent families in Kelowna.”
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