
Local developer to build first-ever municipally-owned rental building in Sun Peaks
SUN PEAKS, B.C. — A Sun Peaks-based developer has been tapped to build a 110-unit rental building in the resort municipality that former Mayor Al Raine referred to in his farewell note to the community prior to his passing last year.
The Sun Peaks Mountain Resort Municipality said Wednesday (April 16) that Meranti Developments Ltd. was chosen to build the six-storey building on a vacant plot of land at 1180 Sun Peaks Road – near the Burfield Chairlift – after a review and evaluation of proposals sumbitted as part of the BC Builds program.
The municipally-owned development is a partnership between the Sun Peaks Mountain Resort Municipality, the Sun Peaks Housing Authority, and BC Housing through BC Builds.
BC Builds aims to to fast-track the construction of “affordable” rental units on land owned by government, communities, and non-profits. While it requires that tenants pay no more than 30-per cent of their income in rent, the program itself is not geared to income.