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Today, the Honourable Ahmed Hussen, Minister of Housing and Diversity and Inclusion, and Taleeb Noormohamed, Member of Parliament for Vancouver Granville, announced an investment of $4.6 million for 75 new affordable homes in Kelowna for low to moderate income seniors, individuals and families as well as people living with disabilities. Construction of Pleasantvale 2 is currently underway and expected to be complete in early 2025.
The low-rise apartment building is located at 651 Cambridge Avenue and will be operated by the Society of HOPE. The apartment building will feature 48 apartment units, with four being accessible and the remaining being universal design. Pleasantvale 2 also has 27 townhomes that are targeted for low to moderate income families with dependent children. All common amenity space is universally accessible. The outdoor garden has raised garden beds to be more accessible, and site sidewalks are universally accessible.
The site is located close to Kelowna’s downtown area, park spaces, transit, and other amenities.
Quotes:
“Every Canadian deserves a safe and affordable place to call home. This is why the Government of Canada is proud to be investing in Pleasantvale 2 to help create 75 affordable homes for seniors, families and persons with disabilities in Kelowna. By investing in affordable housing, we’re creating communities that Canadians can feel proud to call home, communities where they’ll prosper and thrive. This is the National Housing Strategy in action.”
“The Government of Canada is investing in affordable housing here in Kelowna and across Canada to help create jobs and improve the quality of life for those who need it most. With our partners in the province, we are providing a helping hand for individuals and families in need, because everyone deserves a safe roof over their head. The federal government believes the right to adequate housing is a fundamental human right for all Canadians.”
“This development is part of our government’s commitment to boost affordable housing supply in Kelowna and create more options for people in B.C. Thanks to partnerships with municipalities like the City of Kelowna, and community leaders like the Society of Hope, we’re making significant progress as we work to build homes faster here and in every part of the province.”
“The City of Kelowna was pleased to contribute more than $800,000 through land acquisition to the development of this much needed housing. By acquiring a portion of this property so that then next phase of Pleasantvale could be built, we will now have 75 new affordable homes for seniors, and single parent families in Kelowna.”
“The society is excited to start construction to complete the redevelopment of the Pleasantvale project. The need for this affordable housing is unprecedented and we're privileged to have such great support from our federal, provincial and municipal governments, as well as the wonderful contributions from Rotary over the years.”
“The Rotary Club of Kelowna has recognized the need for affordable housing since the 1950s, all the way back to the original 50 units we built for seniors on this very site. We are very pleased to see this next step in the Pleasantvale redevelopment, which will result in a total of 98 homes for seniors and 47 homes for families on the original site, all stemming from the Club’s original commitment to provide 50 seniors housing units. We are fortunate to partner with all levels of government to improve the quality of life for seniors in Kelowna and provide them with affordable housing in our community.”
Quick facts:
Additional funding for this project includes:
- $8.7 million from the Government of B.C. through BC Housing’s Building BC: Community Housing Fund
- $802,530 from the City of Kelowna
- $50,000 from the Rotary Club of Kelowna
- The National Housing Co-Investment Fund (NHCF) is a $13.2 billion program under the National Housing Strategy (NHS) that gives priority to projects that help people who need it most, including women and children fleeing family violence, seniors, Indigenous peoples, people with disabilities, those with mental health or addiction issues, veterans, and young adults.
- Budget 2022 advanced $2.9 billion in funding under the NHCF to accelerate the creation of up to 4,300 new units and the repair of up to 17,800 units.
- Canada's National Housing Strategy (NHS) is a 10-year, $82-plus billion plan that will give more Canadians a place to call home.
- NHS is built on strong partnerships between the federal, provincial, and territorial governments, and continuous engagement with others, including municipalities, Indigenous governments and organizations, and the social and private housing sectors. This includes consultations with Canadians from all walks of life, and people with lived experience of housing need.
- All NHS investments delivered by the federal, provincial, and territorial governments will respect the key principles of NHS that support partnerships, people, and communities.
Additional information:
As Canada’s authority on housing, CMHC contributes to the stability of the housing market and financial system, provides support for Canadians in housing need, and offers unbiased housing research and advice to all levels of Canadian government, consumers and the housing industry. CMHC’s aim is that by 2030, everyone in Canada has a home they can afford and that meets their needs. For more information, follow us on Twitter, Instagram, YouTube, LinkedIn and Facebook.
To find out more about the National Housing Strategy, please visit www.placetocallhome.ca.
For information on this release:
Shiraz Keushgerian
Office of the Minister of Housing and Diversity and Inclusion
shiraz.keushgerian@infc.gc.ca
Media Relations
Canada Mortgage and Housing Corporation
media@cmhc-schl.gc.ca
Ministry of Housing
Media Relations
236-478-0251
BC Housing
Media Relations
media@bchousing.org
