New affordable housing has arrived in Vernon.
Albert Place 2, the second and final building in the Albert Place housing project, brings 29 additional affordable rental units for low-to-moderate income households to 3610 25th Ave.
The total project includes 47 affordable rental units for families and seniors in Vernon. The houses are close to public transport, grocery stores, a senior center and a daycare center.
Monthly rents for new homes range from $420 to $1,676, depending on unit size and tenant income.
“Affordable housing is essential to building strong and healthy communities. That’s why we’re tackling the housing shortage with new affordable housing for those who need it most,” said Harwinder Sandhu, MPP for Vernon-Monashee. “Our government knows that many families and individuals need quality affordable housing, and opening projects like this is one of the ways we are helping to improve the lives of British Columbians.
The homes are a partnership between the province, through BC Housing, the City of Vernon and the Vernon and District Branch of the Canadian Mental Health Association (CMHA), which operates Albert Place and Albert Place 2 .
“A top priority for City Council over the past four years has been to create more accessible and attainable housing for Vernon residents and this project is just one example of how we are doing that,” said said Vernon Mayor Victor Cumming. “The Albert Place expansion includes a variety of housing types to provide safe and affordable housing for seniors and families within walking distance of major services, activities and parks.
The province has invested approximately $3.1 million in the project through the Building BC: Community Housing Fund. Through BC Housing, the province will provide $265,600 in annual operating funding.
Albert Place 2 also received $250,000 under the bilateral agreement between Canada and British Columbia under the National Housing Strategy.
CMHA Vernon provided the land for the building, valued at approximately $372,000, while the City of Vernon waived $208,000 in development fees.
“Everyone deserves a roof over their head and a place to call home. Providing safe and stable housing has never been more challenging for low to middle income families,” said Julia Payson, Executive Director of CMHA Vernon. “Crushing monthly housing costs and fear of tenant evictions have become a reality for too many people in our community. Affordable housing is an important issue in Vernon; the opening of Alberta Place 2 is crucial as we continue to see increased demand for housing options for individuals and families.