A new $25 million affordable housing building officially opened in Kelowna today.<\/p>\n\n\n\n
The nine-storey Capstone building at 2155 Mayer Road has 122 affordable rental units, and some residents have already moved in.\u00a0<\/p>\n\n\n\n
The National Society of Hope manages Capstone and three neighbouring buildings. The money came mostly from BC Housing with $16 million, and the society donated $5 million worth of land. <\/p>\n\n\n\n
Politicians like Kelowna MP Stephen Fuhr, Kelowna\u2019s mayor Tom Dyas and Vernon-Lumby MLA Harwinder Sandhu got together with representatives from the National Society for Hope to congratulate and thank each other for the opening of the building today, Oct. 15.\u00a0<\/p>\n\n\n\n
\u201cAs we know, Kelowna is one of the fastest growing communities in the country, and it’s becoming harder and harder for people to find homes that meet their needs and that are affordable,\u201d Fuhr said at the event at Capstone today. <\/p>\n\n\n\n
\u201cThis is about building a stronger Canada by working together to create the homes and the affordable housing markets that Canadians need.\u201d<\/p>\n\n\n\n
Capstone was built with mass timber, which has a lower carbon footprint than other materials. The building has one-bedroom and two-bedroom units meant for people with low or moderate incomes.\u00a0<\/p>\n\n\n\n
The building started welcoming tenants several months ago.<\/p>\n\n\n\n
Mayor Dyas said the project provides much-needed homes for individuals and families at below-market rates.<\/p>\n\n\n\n
\u201cFor the people moving in here, it means stability, security, and a foundation for the future for them and for their family,\u201d he said.\u00a0<\/p>\n\n\n\n
The homes are part of a $19-billion housing investment by the provincial government. Since 2017, the province has more than 93,600 homes delivered or underway, including more than 2,250 homes in Kelowna.<\/p>\n","protected":false},"excerpt":{"rendered":"
\u201cAs we know, Kelowna is one of the fastest growing communities in the country, and it’s becoming harder and harder for people to find homes that meet their needs and that are affordable.\u201d<\/p>\n","protected":false},"author":547,"featured_media":7657,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"guid":"","source":"","byline":"","published":"","updated":"","_infotelid":"","_prepressid":"","_multisite_post_sync":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1680,541,543],"tags":[],"region":[322,323,324,325],"class_list":["post-7656","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\/7656\/25m-affordable-housing-building-officially-opens-in-kelowna\/","smart_links":{"inbound":0,"outbound":0},"traffic_boost_suggestions_count":0,"meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"$25M affordable housing building officially opens in Kelowna","url":"http:\/\/infonews.ca\/inhome\/news\/7656\/25m-affordable-housing-building-officially-opens-in-kelowna\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/infonews.ca\/inhome\/news\/7656\/25m-affordable-housing-building-officially-opens-in-kelowna\/"},"thumbnailUrl":"https:\/\/infonews.ca\/inhome\/wp-content\/uploads\/sites\/4\/inhome-Screenshot-2025-10-15-at-3.40.24-PM.png?w=150&h=150&crop=1","image":{"@type":"ImageObject","url":"https:\/\/infonews.ca\/inhome\/wp-content\/uploads\/sites\/4\/inhome-Screenshot-2025-10-15-at-3.40.24-PM.png"},"articleSection":"Featured","author":[{"@type":"Person","name":"Jesse Tomas"}],"creator":["Jesse Tomas"],"publisher":{"@type":"Organization","name":"iNhome","logo":""},"keywords":[],"dateCreated":"2025-10-15T23:21:33Z","datePublished":"2025-10-15T23:21:33Z","dateModified":"2025-10-15T23:21:33Z"},"rendered":"