284 Brunswick Street

Penticton, BC

Image: VIA Architecture

Catalyst and PDCRS Society are creating a much need affordable rental housing project in Downtown Penticton that will provide 54 rental homes (studios to three bedroom apartments) suitable for seniors, families, singles, and people with disabilities

Status:

Construction start in early 2018

Partners:

PDCRS Housing Society, BC Housing, City of Penticton.

Catalyst Role:

Developer, Co-Owner and Co-Operator

Affordability:

  • 100% of homes will be offered at below market rents. 

Financial Information:

  • City of Penticton contributing land on long-term lease
  • Catalyst and PDCRS equity investments

Total Project Cost:

$10.6M

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Catalyst is aptly named. Their work with our organization has been instrumental in helping us to unlock latent potential, address chronic gaps in service and look toward a future with greater opportunity for the people we serve.

Christine Scott

Executive Director

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Catalyst ensured that Semiahmoo House Society’s mission has not strayed in our partnerships with funders and navigated us through the complexities of developing an innovative housing project.

Doug Tennant

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When I met Catalyst I knew that I was with people who understood the vision I was presenting and that we shared many of the same goals. Proof of this is our work together as joint venture partners.

Hannelore Gerlach

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Oakridge Lutheran Church

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Catalyst’s innovative non-profit developer model has made it possible to add 49 brand new affordable rental homes in Victoria. I want to say how proud I am, as Mayor of Victoria, of this project. This is perfection.

Lisa Helps

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