KAMLOOPS, BC, May 11, 2022 /CNW/ - Every Canadian deserves a safe and affordable place to call home. Affordable housing is key to Canada's pandemic recovery, including in Kamloops.
Today, the Honourable Ahmed Hussen, Minister of Housing and Diversity and Inclusion, and David Eby, Attorney General and Minister Responsible for Housing, announced a partnership with Oncore Seniors Society to finance a seniors rental complex in Kamloops, preserving 53 units of affordable rental housing for seniors.
BC Housing is providing approximately $11.4 million to the Oncore Seniors Society to finance the purchase of the five-storey Silvercrest Suites building located at 154 Vernon Avenue, including $830,000 through the Federal Bilateral BC Priorities Housing Initiative. By assisting with the purchase, BC Housing is ensuring that the building continues to provide affordable housing to independent seniors and is not sold to a private developer, potentially putting seniors at risk of higher rents or losing their homes to redevelopment.
Oncore Seniors Society has assumed ownership and operation of the building. Current tenants will not be displaced by the acquisition and monthly rents will remain the same.
"Every Canadian deserves a safe and affordable place to call home. Thanks to this investment, 53 seniors in Kamloops will now be able to keep their homes and remain in the community close to family and friends. Across the country we are working to find solutions to help support our most vulnerable. This is one of the ways our National Housing Strategy continues to make sure no one is left behind." – The Honourable Ahmed Hussen, Minister of Housing and Diversity and Inclusion
"By helping facilitate the purchase of this apartment building, we are making sure that seniors in Kamloops continue to have access to rental homes they can afford. Our government will continue to explore avenues, like BC Housing's HousingHub, to give seniors and people in B.C. the security and peace of mind that comes with having an affordable place to call home." – David Eby, Attorney General and Minister Responsible for Housing
"Our passion is to develop engaged communities that offer housing, services and activities that make a positive difference on the quality of life of our residents. Through the tremendous support of BC Housing and CMHC, we are able to realize vision. We are proud to continue providing affordable housing and other services to enhance the living experience for the residents at Silvercrest Suites." – Mona Murray, Oncore Seniors Society Chairperson
SOURCE Canada Mortgage and Housing Corporation
Arevig Afarian, Office of the Minister for Housing and Diversity and Inclusion, [email protected]; Media Relations, Canada Mortgage and Housing Corporation, [email protected]; Media Relations, Office of the Attorney General and Ministry Responsible for Housing (BC), 778 678-1572; Media Relations, BC Housing, [email protected]
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