Affordable rental units are coming to Kelowna in a bid to curb the ongoing housing crisis – with the project’s groundbreaking ceremony taking place on Friday.
Construction of 122 affordable, energy-efficient rental units is underway at the National Society of Hope’s Apple Valley development building in Kelowna.
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The nine-story building will be located at 2175 Benvoulin Rd. and will provide one- and two-bedroom homes for middle- and low-income individuals and families.
“The number of homeless people has increased dramatically and we really need a lot more housing in the province,” says Kelly Miller, Associate Vice President of Operations for BC Housing.
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The project is called 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 British Columbia’s 10-year, $7 billion housing plan. Since 2017, the province has funded more than 30,000 new affordable housing units for British Columbians, including nearly 1,800 in Kelowna.
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“This is a 10-year plan and we are only in year five of the plan, so we have an ongoing commitment to continue building these projects across the province,” adds Miller.
The new homes are expected to be ready for occupancy in the spring of 2023.
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