Located in the heart of Downtown Penticton, this five-storey building is a partnership between Catalyst and OneSky Housing Society The project features:
- 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
- The project is operated by our partner and co-owner One Sky Housing Society
Status:
In Occupancy as of October 2019
Partners:
Catalyst Role:
Developer, Co-Owner and Co-Operator
Affordability:
- 100% of homes are offered at below market rents
Financial Information:
- City of Penticton contributing land on long-term lease
- Social Equity Investments by Catalyst and One Sky Housing Society
- BC Housing grant and financing
Total Project Cost:
$12.7M
Rental Applications Begin:
This project is fully tenanted at this time. For more rental info visit: https://catalystcommdev.org/renters/the-rise
Project Gallery
Image: Derek Lepper Photography
Image: D Dhaliwal
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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