The Rise on Nanaimo

285 Nanaimo St. Penticton BC

Image: Derek Lepper Photography

Catalyst and OneSky Housing Society have created a much needed affordable rental housing project in Downtown Penticton that provides 56 affordable rental homes (studios to three bedroom apartments) for families and individuals.  A portion of the homes are designed to accommodate people with physical disabilities. 

Status:

In Occupancy

Catalyst Role:

Developer, Co-Owner and Co-Operator

Affordability:

  • 100% of homes are offered at below market rents. 
  • The project is operated by our partner and co-owner One Sky Housing Society.

Financial Information:

  • City of Penticton contributing land on long-term lease
  • Social Equity Investments by Catalyst and One Sky Housing Society.

 

Total Project Cost:

$12.7M

Rental Applications Begin:

August 2019

Project Gallery

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