
Connective Support Society, Province join forces to help preserve 25 units of affordable housing in Kamloops
KAMLOOPS — Housing Minister Ravi Kahlon was in Kamloops on Wednesday to announce the safeguarding of affordable homes in the community. Through the province’s contributions and the BC Rental Protection Fund, 25 units will remain in the hands of families and individuals along Tranquille at Riverside Gardens.
The building has a mix of studio, one-bedroom, and two-bedroom homes that are affordable and well-maintained, with rents more than 40% lower than market rates in Kamloops
The BC Rental Protection Fund provided $2.8 million dollars in capital contributions to purchase the building, which totaled $4.8 million, keeping it from being redeveloped into market housing.