With rents at $787/month, a new affordable housing project is planned for Vernon

The province has purchased two apartments buildings on Vernon's 27 Avenue and is building a third. Google Street View

The provincial government plans to build a new apartment building in Vernon that will create 41 units of “affordable” rental housing, B.C. Municipal Affairs and Housing Minister Selina Robinson said Thursday.

READ MORE: Vernon neighbourhood divided over supportive housing

One-bedroom apartments will rent for $787 and two-bedroom units will rent for $962, she said.

As part of the initiative, the province has also bought two other neighbouring properties in the 3800-block of 27 Avenue that will be fixed up.

READ MORE: Homelessness on the rise in Vernon

Robinson said the project is being built in an effort to deal with the city’s “alarmingly low” vacancy rate.

Story continues below advertisement

The province said it is spending $23 million to buy the existing buildings and build the four-storey apartment.

Sponsored content