Penticton motels bought for affordable housing
The provincial government is moving to provide more affordable housing in Penticton with the purchase of three motels, and upgrades planned for an existing building.
The province spent approximately $7.9 million to purchase the motels.
A proposed B.C. Housing redevelopment plan calls for 103 homes for people with low incomes in the community.
“The purchase of these motels will help ensure existing affordable housing in Penticton is maintained and improved so people can continue to live affordably and thrive in the community,” said David Eby, Attorney General and Minister Responsible for Housing. “We will continue to explore new and creative avenues like this one to help tackle the housing crisis and meet the needs of renters and homeowners across B.C.”