New housing projects in Kelowna are going to be offering rental units for below-market prices.<\/p>\n\n\n\n
The City of Kelowna says it is partnering with Troika Developments on two affordable housing projects in Rutland and Glenmore. A total of 195 new units will be built with 40 per cent to be affordable, according to a press release from the city. <\/p>\n\n\n\n
\u201cAffordable housing is a council priority, and innovative projects like these deliver on our commitment to increase affordable housing in Kelowna,\u201d mayor Tom Dyas said in the release. \u201cBy building more homes for middle-income families, we are creating a diverse range of housing options that meet people\u2019s needs, support our local economy, and help build a thriving community.\u201d<\/p>\n\n\n\n
The below-market rentals are meant for \u201cmiddle-income households\u201d with rent capped at 30 per cent of incomes between $80,000 and $120,000 per year, or roughly $2,000 to $3,000 a month for the 78 units.<\/p>\n\n\n\n
Construction is set to begin later this year for the 127-unit project in Rutland at 155-205 Douglas Road North and the 68-unit Glenmore project at 1232-1250 Glenmore Drive.<\/p>\n\n\n\n
“Our team is proud to have been selected to develop these important projects,\u201d Troika CEO Renee Merrifield said in the release. \u201cAs a local company, we have a strong understanding of local needs, and we are committed to continuing to build sustainable communities that are thoughtfully designed and that grow and enhance neighbourhoods.”<\/p>\n\n\n\n
The projects are part of the city\u2019s Middle Income Housing Partnership with some of the money coming from the federal Housing Accelerator Fund.<\/p>\n","protected":false},"excerpt":{"rendered":"
Rents are capped at 30 per cent of incomes between $80,000 and $120,000 per year, or roughly $2,000 to $3,000 a month for the 78 units.<\/p>\n","protected":false},"author":547,"featured_media":7557,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"guid":"","source":"","byline":"","published":"","updated":"","_infotelid":"","_prepressid":"","_multisite_post_sync":null,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1680,541,543],"tags":[],"region":[322,323,324,325],"class_list":["post-7556","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-local","category-topnews","region-kamloops","region-kelowna","region-penticton","region-vernon"],"blocksy_meta":[],"jetpack_featured_media_url":"https:\/\/staging.infonews.ca\/inhome\/wp-content\/uploads\/sites\/4\/inhome-2025\/02\/4A9D16CF2C7DCE78D7F8090DE288CF75181BC64A8997DCDC41B474BF4F8D9AC2.webp","post_modified":"2025-07-16T18:00:00","post_modified_gmt":"2025-07-17T01:00:00","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/staging.infonews.ca\/inhome\/wp-json\/wp\/v2\/posts\/7556","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/staging.infonews.ca\/inhome\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.infonews.ca\/inhome\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.infonews.ca\/inhome\/wp-json\/wp\/v2\/users\/547"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.infonews.ca\/inhome\/wp-json\/wp\/v2\/comments?post=7556"}],"version-history":[{"count":0,"href":"https:\/\/staging.infonews.ca\/inhome\/wp-json\/wp\/v2\/posts\/7556\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/staging.infonews.ca\/inhome\/wp-json\/wp\/v2\/media\/7557"}],"wp:attachment":[{"href":"https:\/\/staging.infonews.ca\/inhome\/wp-json\/wp\/v2\/media?parent=7556"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.infonews.ca\/inhome\/wp-json\/wp\/v2\/categories?post=7556"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.infonews.ca\/inhome\/wp-json\/wp\/v2\/tags?post=7556"},{"taxonomy":"region","embeddable":true,"href":"https:\/\/staging.infonews.ca\/inhome\/wp-json\/wp\/v2\/region?post=7556"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}