Construction is underway on 10 new affordable rental homes in Kaslo for families with low and moderate incomes, seniors, individuals and people living with disabilities.
Located at 334 A Ave., Pennylane Apartments will be a three-storey, wood-frame building with a mix of studio, one-, two- and three-bedroom units, including two accessible units for people living with disabilities. Exact monthly rents will be known closer to project completion but are expected to range from approximately $375 to $1,600, depending on unit size and resident household income.
The project is located close to Kaslo’s downtown core with easy access to amenities, including grocery stores, restaurants and a health clinic. It will be owned and operated by the Kaslo Housing Society.
“Access to affordable housing is a pressing issue, which is why the Trust has prioritized supporting communities, like Kaslo, to create housing that meets their needs. We’re helping to create over 1,000 units in 26 communities,” said Johnny Strilaeff, President and CEO, Columbia Basin Trust. “We’re excited to see this project move forward and commend the Kaslo Housing Society for their commitment to making this project a reality. Congratulations to all the partners.”
The Kaslo Housing Society is committing $50,000 and provided the land for the project. The society also intends to raise more money through community fundraising. The Trust is providing a grant of $228,000, along with an additional $28,500 to support renewable solar-energy generation and fibre internet connection.
It is anticipated the building will be ready for residents in June 2023.
Learn more about the our work in affordable housing.
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