An official groundbreaking ceremony was held today at the future site of a new 56-unit affordable housing complex.
Plans for the five-storey building have been in the works for years, and are part of a partnership between Vancouver-based Catalyst Community Developments Society, OneSky Community Resources, BC Housing and the City of Penticton.
“This project will ensure that 56 individuals, couples and families don’t need to figure out where their next move is,” said OneSky executive director Tanya Behardien.
Representatives from both OneSky and Catalyst spoke at the ground-breaking ceremony Tuesday, and each expressed their desire to work on projects that take the pressure and stress of finding a place to live out of people’s lives.
Mayor Andrew Jakubeit echoed the sentiment, saying he was happy to finally see the project beginning.
“[It’s] an opportunity to provide some housing here really focused on young families and those working below the living wage,” he said, which he added was around $2,000 a month here in Penticton.
The studio, one, two and three bedroom rental units will range in price from $675 to $1275 per month, with the estimated household incomes ranging from $21,000 to $51,000.
Catalyst president Robert Brown expects the project to be completed sometime in the spring of next year.