PRINCE GEORGE, B.C. — The Government of British Columbia has purchased a new building at 605 Quebec St. in Prince George, B.C. to create 36 new affordable rental homes.
The four-storey building named Quebec Street House will provide affordable rental housing for people with low or moderate incomes. The building has four studio units, six one-bedroom units and 26 two-bedroom units. Rents will range from $860 to $1,000 per month, depending on unit size and tenant income, a release stated.
The property has a common laundry room on each floor and was built as a net-zero and energy efficient building.
“Affordable housing availability is more important than ever in our community right now. The purchase of this building and the opportunity it will bring for our citizens is a vital step in the continued effort to provide affordable, safe and accessible housing for our rapidly growing community,” Prince George mayor Simon Yu said in a statement.
The Province of B.C. bought the property and underground parking through BC Housing for $15.6 million through the Affordable Housing Rental Fund. BC Housing provided an additional $543,000 to cover renovation costs.
An independent appraisal of the site was completed in March 2023 and supports the purchase price, the release stated.
BC Housing will manage the building with residents expected to occupy units in early Sept. 2023.