Shuswap community purchases property for affordable housing project

Concept of the proposed Sicamous development was shown to the public in 2018

The District of Sicamous has purchased property within the community to support an affordable housing project.

On Thursday, Feb. 6, the district announced an offer to purchase property at 462/466 Finlayson Street had been accepted. The deep lot is adjacent to Eagle River Secondary and backs onto the Trans-Canada Highway.

It will be the site of a 36-unit affordable housing complex, developed in partnership with the Eagle Valley Senior Citizens Housing Society. Once the purchase of the land is finalized, the project will be funded by grants from BC Housing and the National Housing Strategy.

Read More: Proposed marine rescue station on Shuswap Lake could serve as classroom

Read More: Two Grade 7-9 middle schools among options considered for Salmon Arm and area

The final sale of the property is conditional on the inclusion of the purchase in the district’s 2020 financial plan and approval from a judge because the property was up for a court-ordered sale.

The affordable housing project was unveiled in the summer of 2018 when the district and the housing society partnered on a BC Housing grant application for up to $100,000 per unit for housing construction. The grant, totalling $3.6 million, was approved in late 2018.

The concept shown to the public in 2018 featured both small, free-standing homes and townhouse-style multi-unit buildings. Other noticeable features were centralized parking centralized and a public building in the centre that would act as a gathering place for residents.

The units in the preliminary plan ranged from 650 to 1,050 square feet. The senior citizens’ housing society has expanded their mandate to provide housing for people other than seniors and will manage the affordable development.

Rhona Martin, president of the Eagle Valley Senior Citizens Housing Society, said they are excited to see the project progressing and the society board, particularly its newer members, are happy to be involved with it. Martin said they are hopeful the land deal will go through as planned and the project can proceed from there.

“Housing really a struggle at this point in time and this project is going to provide some seniors’ housing, some housing for people with disabilities and some low-income housing so it will be a nice mix,” she said.

The purchase of the property will be paid for using short-term financing through the Municipal Finance Authority of BC. The sale will be final 30 days after court approval is received.

Read More: Shuswap windstorm a reminder to clear trees from hydro lines

Read More: Flight from Wuhan takes off for Canada

Like us on Facebook and follow us on Twitter

affordable housing

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

UPDATE: CP Rail blockade near Chase removed, hereditary chief arrested

Protest held in solidarity with Wet’suwet’en First Nation regarding RCMP, LNG pipeline

UPDATE: Two killed in collision, fire near Three Valley Gap

The Trans Canada Highway was closed for four hours

Shuswap animal sanctuary seeks to fit frostbitten baby goat with prosthetic leg

Fundraiser started to help Zuri, newest resident of Twin Hearts Animal Sanctuary

Stanley Cup returning to Salmon Arm after 15 years

Resident excited for twice-in-a-lifetime opportunity to see iconic trophy

Money available to curtail nutrient pollution of Shuswap watershed

Excessive phosphorous could make algae blooms and other unpleasant conditions more common

VIDEO: Feds warned agricultural sector near ‘tipping point’ due to blockades

Canadian Federation of Agriculture points to lack of propane and feed due to Coastal GasLink dispute

Closing down: One less Starbucks in Vernon

Seattle-based coffee giant says last cup of joe served is part of regular business

B.C. terminates contract with hospice society refusing assisted death

Delta Hospice Society loses hospital service fund of $1.5 million

UPDATE: 14 arrested at blocked rail line in northern B.C., police say

But a Gitxsan hereditary chief says 14 were arrested, as fight over natural gas pipeline continues

Hospital parking fees needed, but changes to payment system possible, health minister says

B.C. health minister Adrian Dix says hospital parking doesn’t need to be so stressful

Protecting privacy key to stopping spread of COVID-19, B.C. health officials say

The number of coronavirus cases in B.C. remains at seven

Man accused of attacking Penticton doctor has charges dropped by Crown

Charges against Gregory Nield for alleged attack on a psychiatrist at PRH stayed by Crown

Do you talk to your spouse about money? 42% of Canadians don’t, poll suggests

Politics, sex, religion top list of taboo subjects for Canadians

Most Read