Revelstoke affordable rental housing project targets December completion

Society hopes to complete 12-unit Oscar Street project this year; after changes, $1.49 million in funding secured

The Revelstoke Community Housing Association is planning to complete this 12-unit affordable rental housing unit on Oscar Street by the end of 2014.

Revelstoke’s Community Housing Society is presenting plans for their 12-unit affordable rental housing to city council on Feb. 25.

Society member and city economic development director Alan Mason said the rental housing initiative is targeting completion for Dec. 1, meaning a tight approval and construction timeline for the rest of the year.

The project, to be located near the BC Ambulance station on Oscar Street, includes four accessible one-bedroom units with a projected rent of $550 a month, and eight, two-bedroom units with a projected rent of $750 per month.

In September of 2013, the project was set back when funding partners BC Housing and the Columbia Basin Trust informed the society that they would receive $1.2 million in funding support – less than the $2 million hoped for.

That led to steps to scale back the project and find savings; the society also continued to lobby for additional funds.

At the Feb. 25 city council meeting, society member Mark McKee will announce a new funding commitment from BC Housing and the Columbia Basin Trust of $1,487,883, which was confirmed in January of this year.

In a timeline they will present to council, the group hopes to have city approvals and permits wrapped up by mid-April.

Mason said the focus has been on keeping costs down. “We really held the line [on costs],” Mason said of recent design changes. “We want to keep the rents affordable; that’s why we are doing this.”

He said the tight construction schedule was partly motivated by the need to meet a deadline to keep their “attractive” mortgage rate deal.

 

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Cancelled shows and slow reopening for Revelstoke Art Gallery

The gallery has been closed since March due to COVID-19

Pure magic: live performances revived in Revelstoke

Revelstoke Arts Council hosting Guerrilla Gigs on Wednesdays all summer long

Glimpses of Revelstoke’s past for July 9

Jack Snoddy Archive assistant, Revelstoke Museum & Archives 120 years ago: Revelstoke… Continue reading

VIDEO: Teaching the next generation of skaters in Revelstoke

‘There’s very few sports out there where adults and children can play together’ says Adrian Giacca

Revelstoke’s City Hall wrapped in plastic

Revelstoke’s City Hall is wrapped in plastic for the time being. The… Continue reading

B.C. identifies 20 new COVID-19 cases, travellers specified in count

Pandemic total 3,028 cases, 51 people from outside Canada

Kelowna taxpayers could pay $90K for losses caused by cancelled Memorial Cup

$135,000 would be put aside for a potential bid for a future opportunity to host the tournament

Canadian policing organization calls for decriminalization of simple illicit drug possession

Canadian Association of Chiefs of Police want policing focus of opioid crisis to be replaced with a health one

Motorcycle rider seriously injured in collision with vehicle on Highway 97 west of Pritchard

Chase RCMP report that motorcycle was attempting to pass when crash occurred

Predator mutilated cats in Kelowna: BC SPCA

The BC SPCA confirmed a mutilated cat was killed by a predator

LETTER: Former Summerland mayors speak out on solar project

Five former Summerland mayors sign name to short letter

Emergency crews conduct CPR on unresponsive person in Okanagan Lake

West Kelowna emergency crews are on scene at the shores of Jubilee Mobile Home Park

Filing deadline in RCMP sexual-harassment class-action extended due to COVID-19

Plaintiffs now have until January 2021 to submit claims for up to $222,000

Jamie Bacon pleads guilty to charge in Surrey Six case

The plea brings an end to a complex legal case that has spanned more than a decade

Most Read