Catalyst and PDCRS Society are creating a much need affordable rental housing project in Downtown Penticton that will provide 56 rental homes (studios to three bedroom apartments) suitable for families and individuals. A portion of the homes will be designed to accommodate physical disabilities.
Status:
Construction start April 2018
Partners:
PDCRS Housing Society, 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 are each providing a portion of the equity
Total Project Cost:
$21M
Rental Applications Begin:
Summer 2019
Project Gallery
Image: VIA Architecture
Image: D Dhaliwal
Image: D Dhaliwal
Image: Natasha Van den Berg/Via Architecture
Image: Natasha Van den Berg/Via Architecture
Image: D Dhaliwal
Image:
Catalyst not only brings their values to life in all of their interactions with others, but they also add tremendous value to organizations like us who want to respond to community needs and are newer to the provision of affordable housing.
Tanya Behardien
Executive Director
Penticton & District Community Resources Society
Other Projects
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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
Executive Director
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Hannelore
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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
Chairperson, Housing Committee
Oakridge Lutheran Church
Madrona @ Dockside Green
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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
Mayor
City of Victoria