The six-story timber frame building with above-ground parking is located at 555 Fuller Ave. and Bertram Street, in the heart of downtown. The building will offer a mix of unit types, from studios to two bedrooms. The entire building was designed according to universal design standards and eight units will be fully accessible for people with disabilities. All units in the building are rented out at below market prices.
The land belongs to City of Kelownait provides for a long term lease. The Pathways Abilities Society will manage the website.
The new building will be called Hadgraft Wilson Place, in recognition of two families who are committed to helping people with disabilities and providing comprehensive support to society.
Construction is underway and the building is expected to open in autumn 2022.
Quotes:
“Every Canadian deserves a safe, affordable place to call home. Investing like this here in Downtown Kelowna shows our government’s commitment to providing singles, seniors, families and people with disabilities with access to safe, affordable housing while helping to create good middle class jobs and stimulate the economy. “- The Honorable Ahmed Hussen, Minister for Family, Children and Social Development and Minister for Canada Mortgage and Housing Corporation (CMHC)
“These 68 new affordable, high quality homes will help improve the lives of the people of India Kelowna. Together with our partners, we build houses in which people can afford Kelowna and all over BC “- David Eby, Attorney General and Minister in charge of Housing.
“A vibrant community requires housing of all types and price ranges. This development will not only increase the amount of affordable housing in the city, it will also support the city’s official parish plan and the desire for a denser, more accessible downtown core.” – – Colin Basran, Mayor, City of Kelowna
“The Pathways Abilities Society is very excited that our Fuller Avenue project has been realized. The new building, Hadgraft Wilson Place, will create more affordable housing for those living in our community. We are grateful for the opportunity to work with our many community partners , including that City of Kelowna and BC Housing. “- Charisse Daley, Executive Director of the Pathways Abilities Society
Fast facts:
- This building is being developed on the traditional territory of the Syilx (Okanagan) peoples.
- The government of Canada offers $ 2.48 million towards the project through the National Housing Co-Investment Fund (NHCF).
- The government of British Columbia contributes to it $ 3.75 million from the investment in Housing Innovation Fund and $ 3.95 million from the Deepening Affordability Fund.
- Without the additional investment in deepening affordability, rents would have been higher than $ 200 a month higher.
- The federal and state governments also provide joint funding for $ 2.45 million from the investment in Affordable Housing Fund.
- With a budget of $ 13.2 billionNHCF prioritizes projects that help those most in need, including women and children fleeing family violence, seniors, indigenous peoples, people with disabilities, people dealing with mental health and addiction, veterans and young adults.
- Through the NHCF, the government of Canada will work with partners to build up to 60,000 new affordable homes and repair up to 240,000 existing affordable homes and community houses over the next 10 years.
- Canada The National Housing Strategy (NHS) is a 10-year plan valued at over $ 70 billion that gives more Canadians a place to call home – that’s more than $ 13 billion obligated by the autumn economic declaration 2020.
- Since 2017, the British Columbia government has taken steps to address the housing crisis and provide affordable housing, including the largest housing affordability investment in British Columbia’s history. $ 7 billion over 10 years.
- As part of a 30-point housing plan launched in 2018, the provincial government is working with partners to provide 114,000 affordable homes over a 10-year period. The plan also introduced new measures to curb speculative demand, which has driven up the cost of living.
Related links:
How Canada A housing agency, CMHC contributes to the stability of the housing market and financial system, assists Canadians with the housing crisis, and provides unbiased housing research and advice to all levels of Canadian government, consumers and the housing industry. The goal of CMHC is to have everyone involved by 2030 Canada has a home they can afford and that suits their needs. For more information, please visit cmhc.ca or follow us on Twitter, Instagram, YouTube, LinkedIn and Facebook.
Further information on the National Housing Strategy can be found at www.placetocallhome.ca.
A map showing the location of all announced provincial funded housing projects in BC is available online: https://www.bchousing.org/homes-for-BC
Visit https://workingforyou.gov.bc.ca/ to learn more about the steps the province is taking to address the housing crisis and provide affordable housing for British Columbians.
SOURCE Canada mortgage and housing company
For more information: Media Contacts: Mikaela Harrison, Press Secretary, Minister’s Office for Families, Children and Social Development, [email protected];; Leonard Catling, Canadian mortgage and housing company, [email protected];; Attorney General for Housing, Media Relations, 778 678-1572; BC Housing, media relations, [email protected]
similar links
www.cmhc-schl.gc.ca
