Middle-income families in Kelowna will soon have access to close to 160 new rental homes.
They’re part of the province’s HousingHub initiative, which is a partnership between the Province of B.C. and PC Urban.
The initiative brings together and partners with all levels of government, landowners and a range of for- and not-for-profit groups to increase housing options for British Columbians.
"New rental homes are desperately needed for a range of people in need, including those in middle-income households," said Selina Robinson, Minister of Municipal Affairs and Housing.
"We are starting to see the results of the hard work of the HousingHub team as its expertise helps to build new homes like the ones that are getting underway in Kelowna."
Construction of the two six-storey buildings will begin in June and are expected to be complete by the end of 2020.
They’re located at 726 Clement Ave., steps away from Sandhill Winery, multiple breweries and Kelowna’s downtown core.
"We are really excited to be working with the Province through its HousingHub and with the City of Kelowna in this innovative partnership," said Brent Sawchyn, CEO, PC Urban Properties.
"Through this multi-use project, we will deliver a mix of one- and two-bedroom homes, providing much-needed affordable rental apartments for Kelowna's middle-income earners."
Pricing will be guided by the standard of affordable housing where people spend no more than 30% of their income.
However, the projected rental prices are $1,300 per month for a one-bedroom unit and $1,780 per month for a two-bedroom unit.
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