New affordable rentals now available in Penticton

New affordable housing is now available in Penticton, which promise to address the needs of families as well as individuals.

Residents with moderate incomes now have access to 40 new affordable homes at the Backstreet Apartments, located at 259 Backstreet Blvd.

The new four-storey apartment building feature 40 units, including three accessible family units.

Rental rates are based on household income and range from $650 for a one-bedroom unit to $1,450 for a two-bedroom unit.

The project is a partnership between the Province, the City of Penticton and the Penticton and District Society for Community Living (PDSCL).

“Today marks another step forward in supplying affordable housing for our residents,” said John Vassilaki, mayor of Penticton. “I am pleased to see this project completed and these new units made available, including the multi-room units specifically designed to meet the needs of families, an area of our affordable housing market that remains underserved. I hope with the opening and success of this project that other developers will be encouraged to build similar properties.”

Penticton and District Society for Community Living will operate the building that includes amenity space, under-building parking, including scooter parking with charging stations, bicycle storage, an elevator, a playground on-site and two retail commercial units.

"PDSCL is pleased to partner, once again, with BC Housing,” said Tony Laing, CEO, Penticton and District Society for Community Living. “This project, with its affordable rents, will bring stability for families, attract workers to the downtown area and support our local economy."
People will begin moving into their new homes this month.