People working in Revelstoke will soon have access to 24 new affordable rental homes.
These homes are the result of a partnership between the Province, through BC Housing, Columbia Basin Trust, the City of Revelstoke and the Revelstoke Community Housing Society (RCHS).
The three-storey apartment building at 297 Humbert St. has 24 one-bedroom homes for individuals and couples with moderate and low incomes who are working in the city’s resort and hospitality industries. It is near major tourist attractions, a grocery store and the Revelstoke central business district. The building will be owned and operated by the RCHS.
All units will be rented for $1,150 per month, which is below the average market rate in Revelstoke. RCHS is selecting tenants through its application process. The first tenants are expected to move into their new homes on Sept. 1, 2022.
The Province and the Columbia Basin Trust provided a combined grant of approximately $4.8 million for the project through the Columbia Basin Investment in Affordable Housing Agreement.
The City of Revelstoke is leasing the land to RCHS at a nominal rate.
Full news release available here: https://news.gov.bc.ca/releases/2022AG0112-001190
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