REVELSTOKE, B.C. – More housing is on the way for workers in Revelstoke as work is nearly complete on a 24-unit rental project.
The project is a partnership between the province, through BC Housing, Columbia Basin Trust, the City of Revelstoke and the Revelstoke Community Housing Society (RCHS).
“This new building will provide much needed housing for the vital hospitality workforce that is crucial to the community of Revelstoke,” said Katrine Conroy, MLA for Kootenay West, in a statement. “Our government will continue to work with our partners to ensure people have feasible options to remain in their communities.”
The three-storey apartment building at 297 Humbert St. has 24 one-bedroom homes for individuals and couples with moderate and low incomes who are working in the city’s resort and hospitality industries. It is near major tourist attractions, a grocery store and the Revelstoke central business district. The building will be owned and operated by the RCHS.
All units will be rented for $1,150 per month, which is below the average market rate in Revelstoke. RCHS is selecting tenants through its application process. The first tenants are expected to move into their new homes on Sept. 1, 2022.
The province and the Columbia Basin Trust contributed a combined grant of approximately $4.8 million for the project through the Columbia Basin Investment in Affordable Housing Agreement.
The city is leasing the land to RCHS at a nominal rate.