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":[],"parsely":{"version":"1.1.0","canonical_url":"https:\/\/infonews.ca\/inhome\/news\/7556\/new-affordable-rental-units-coming-to-kelowna\/","smart_links":{"inbound":0,"outbound":0},"traffic_boost_suggestions_count":0,"meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"New affordable rental units coming to Kelowna","url":"http:\/\/infonews.ca\/inhome\/news\/7556\/new-affordable-rental-units-coming-to-kelowna\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/infonews.ca\/inhome\/news\/7556\/new-affordable-rental-units-coming-to-kelowna\/"},"thumbnailUrl":"https:\/\/infonews.ca\/inhome\/wp-content\/uploads\/sites\/4\/inhome-2025\/02\/4A9D16CF2C7DCE78D7F8090DE288CF75181BC64A8997DCDC41B474BF4F8D9AC2.webp?w=150&h=150&crop=1","image":{"@type":"ImageObject","url":"https:\/\/infonews.ca\/inhome\/wp-content\/uploads\/sites\/4\/inhome-2025\/02\/4A9D16CF2C7DCE78D7F8090DE288CF75181BC64A8997DCDC41B474BF4F8D9AC2.webp"},"articleSection":"Featured","author":[{"@type":"Person","name":"Jesse Tomas"}],"creator":["Jesse Tomas"],"publisher":{"@type":"Organization","name":"iNhome","logo":""},"keywords":[],"dateCreated":"2025-07-17T01:00:00Z","datePublished":"2025-07-17T01:00:00Z","dateModified":"2025-07-17T01:00:00Z"},"rendered":"