Hall Street Development
Forty-three new affordable rental homes will provide a safe, caring environment where families can raise their children and seniors can age in their community.
Families and seniors are struggling just to keep up with the cost of living and we know that finding affordable housing remains a big challenge, said Michelle Mungall, MLA for Nelson-Creston, on behalf of Selina Robinson, Minister of Municipal Affairs and Housing. These new rental homes will help ease the burden on families and help make life better for people in Nelson.
The project will include studio, one-bedroom, two-bedroom, three-bedroom and accessible units within a four-storey apartment and townhouse complex. It also includes office space for the Nelson CARES Society, the organization leading the development that will own and operate the complex for low- to moderate-income families and seniors once it’s completed. The rate structure for the rentals will include 20% at the provincial shelter rate ($375), 50% at rent that is geared to income and 30% will be near market rate.
The project is a collaboration between government, business and community partners. Nelson CARES Society is receiving $4.5 million from the Province to help build the housing project. The City of Nelson is providing approximately $17,000 and Columbia Basin Trust is providing $542,400. Culos Developments Group will build the complex. Site preparation for the development has started. Completion is estimated for fall 2020. The development is part of the first series of projects selected to receive funding through the Provinces Building BC: Community Housing Fund, a $1.9-billion investment over 10 years, to
build more than 14,000 affordable rental homes for seniors, families and low- and middle income earners. Delivering affordable housing is a shared commitment between government and the BC Green Party caucus and is part of the Confidence and Supply Agreement.
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