Affordable rental housing is coming to Kelowna in an effort to curb the ongoing housing crisis — with the sod-turning ceremony for the project taking place Friday.
Construction is underway on the 122 affordable and energy-efficient rental homes in the building of the National Society of Hope’s Apple Valley development in Kelowna.
The nine-storey building will be located at 2175 Benvoulin Rd. and will provide both one- and two-bedroom homes for moderate- and low-income individuals and families.
“The count of homelessness has increased significantly and we really need a lot more housing across the province,” says associate vice-president of operations for BC Housing Kelly Miller.
The project is named Capstone and is a partnership between the provincial and federal governments, the City of Kelowna and the National Society of Hope, which will own and operate the building.
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The project is part of B.C.’s 10-year, $7-billion housing plan. Since 2017, the province has funded more than 30,000 affordable new homes for people in B.C., including almost 1,800 in Kelowna.
“This is a 10-year plan and we are only in year five of the plan so we have a continued commitment to continue building these projects across the province,” adds Miller.
The new homes are expected to be ready for occupancy in spring 2023.
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