Families, seniors and people with disabilities with low to moderate incomes in Nelson are moving into 43 affordable rental homes, with the first affordable housing project opening in the community in almost 15 years.
“We know there is increased demand for affordable and accessible housing options in Nelson and communities throughout the basin,” said Johnny Strilaeff, president and CEO, Columbia Basin Trust. “This project is a perfect fit of building community and social supports, while providing a range of living options for residents of the region. Congratulations to all the partners and staff who have made this project a reality.”
The Province, through BC Housing, provided $4.3 million to the project through the Building BC: Community Housing Fund, as well as approximately $11.6 million in repayable financing. While the Trust provided $542,400 for construction costs. As with all projects funded under the Community Housing Fund, rents at the building are based on household income:
- nine units for people with very low incomes (i.e., seniors on fixed incomes and people receiving income assistance): $375 to $660 per month;
- 20 rent-geared-to-income units (for people with low to moderate incomes): $650 to $950 per month;
- 12 market rental units: $975 to $1,625 per month; and
- two three-bedroom community living units for people with disabilities: $375 to $445 per month.
The homes will be owned and operated by Nelson CARES Society, a registered charity that has been operating housing in the community since 1974. The building is centrally located in Nelson’s downtown waterfront area, close to amenities, including a grocery store, community centre, the seniors’ society and recreation opportunities.
Residents will finish moving into the building by the end of June.
Learn more about the Trust’s work in Affordable Housing.