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
Partners:
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
Image: Derek Lepper Photography
Image: D Dhaliwal
Image: D Dhaliwal
Image: Natasha Van den Berg/Via Architecture
Image: Natasha Van den Berg/Via Architecture
Image: D Dhaliwal
Image: Derek Lepper Photography
Image: Derek Lepper Photography
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
One Sky Housing Society
As a single dad, I can't believe I was lucky enough to find this place. Finding a home that has room for me and my kids and is affordable is so hard. So thank you Catalyst and One Sky. I have come home.
Ben Mead
Current Tenant
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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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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.
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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.
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