Subsidized rents offered for $ 1,600 for two bedrooms, $ 950 for one bedroom – Kelowna News


Dozens of people began moving into subsidized rental housing on Sutherland Avenue in Kelowna last weekend.

The new apartment building, located just south of the Capri shopping center, includes 36 subsidized one- and two-bedroom rental units as well as four additional ‘rent-geared-to-income’ studios. The tenants started moving in last Saturday.

The Columbus Center offers 24 one-bedroom apartments for $ 950 per month, as well as eight two-bedroom apartments for $ 1,600 per month. In April, the average rent for a two-bedroom listing in the central Okanagan on Castanet was $ 2,086, while the average rent for a bedroom was $ 1,375.

The building, located at 1165 Sutherland Avenue, is owned and operated by the Columbian Centennial Housing Society, a non-profit housing organization that has not been involved in new apartment development for 35 years.

Last November, the CCHS said it had received hundreds of applications for housing in their buildings.

“Every new home built in our city deserves to be celebrated, but affordable housing projects like this deserve special mention,” Mayor Colin Basran said in a statement. “This project means 36 Kelowna couples, seniors and singles will have a new place to call home, and that’s a big deal.

The new building is located on the former site of the Inn From the Cold emergency shelter, which closed in 2019.

Funding for the Columbus Center comes from the Government of British Columbia’s HousingHub program, which provides low-interest loans to encourage developers to build low- and middle-income housing. As a stipulation, the developers undertake to offer affordable rents to those who need housing. The program was created in 2018.

The province has provided $ 9.65 million in funding to the CCHS for the Columbus Center project.

“With the $ 2 billion increase in our HousingHub’s borrowing capacity in Budget 2021 and strong partnerships like our relationship with the City of Kelowna, we will see the opening of many more affordable housing units including the The need is sorely felt across the province, “said David Eby, Attorney General and Minister responsible for Housing.

The development, built by Culos Development Group, also contains a number of units to buy. One and two bedroom units in the development are currently being advertised, starting at $ 360,000.

A map of all BC Housing funded projects in the province is available here.

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