The Rise on Nanaimo

285 Nanaimo St. Penticton BC

Image: VIA Architecture

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

Status:

In construction

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
  • Social Equity Investment by Catalyst and PDCRS 

 

Total Project Cost:

$12.7M

Rental Applications Begin:

August 2019

Project Gallery

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