More than 20 people now have a safe, affordable place to live at Revelstoke Community Housing Society’s new townhouse complex, which celebrated its official opening today.
“We congratulate all of those who worked to make this project a reality, and particularly the Revelstoke Community Housing Society,” said Neil Muth, Columbia Basin Trust President and Chief Executive Officer. “We’re honoured to be part of a project that ensures affordable housing is available in Revelstoke.”
The housing complex provides 12 units of affordable housing for families and individuals with low to moderate incomes. The townhouses are comprised of four two-bedroom units and eight one-bedroom units, two of which are fully wheelchair accessible.
Located at 1014 Oscar Street, the complex is managed and operated by the Revelstoke Community Housing Society.
- The Governments of Canada and B.C provided a combined investment of nearly $794,000 through Canada-B.C. Agreement for Investment in Affordable Housing.
- The Government of B.C. also provided interim construction financing of nearly $900,000.
- Columbia Basin Trust provided $696,000.
- The City of Revelstoke provided $57,000 in municipal reductions, a cash donation of $192,000, and the land valued at over $376,000.
- The Revelstoke Community Housing Society provided $205,000.
- Last year, the B.C. government invested over $690,000 to provide subsidized housing and rent supplements for more than 150 households in Revelstoke.
Ensuring that Basin residents have access to affordable housing that meets their basic needs is one of the Trust’s strategic priorities over the next five years. Learn about the Trust’s thirteen strategic priorities in the Columbia Basin Management Plan 2016-2010.