A new affordable residential complex with 40 rental units has opened in Kelowna.
The rentals are located at 1060 Cawston Ave. and are mainly intended for women, single parents and the elderly.
The four-story building comprises a maximum of studio, one-, two- and three-bedroom apartments with a monthly rent between 375 and 1,835 US dollars, depending on the size of the unit and tenant income.
“Every new home built in our city brings us closer to our goal of having a home for every Kelowna resident,” said Kelowna Mayor Colin Basran.
“Affordable housing projects like this make a huge difference to many people in our community. In this case, 40 different individuals and families will have access to an affordable home. “
The province provided a $ 4 million grant from the Building BC: Community Housing Fund for this project and will continue to provide an annual operating fund of approximately $ 204,000.
The City of Kelowna contributed to the project by reducing development costs by approximately $ 33,000.
Solar panels on the roof of the complex will add an element of sustainability and affordability to the building by reducing energy costs for tenants.
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