The Village of New Denver now has 10 new affordable rental units for seniors and families with the completion of the Osprey Residence.
The two-storey building at 602 Slocan Ave provides a mix of studio, one-, two- and three-bedroom units, including four fully accessible homes, to meet the diverse needs of the community.
Additionally, the development has two green spaces to foster a sense of community among residents and is well connected to nearby services and amenities.
The project was funded in partnership through BC Housing, the Canada Mortgage and Housing Corporation, Columbia Basin Trust, the Village of New Denver and the New Denver and Area Housing Society (NDHAS).
The Province, through BC Housing, provided approximately $1.2 million for the project and is providing approximately $100,000 in annual operating funding.
“We are so very happy that we were able to build this housing complex for our community with the help of all our partners,” said Jan McMurray, president, New Denver and Area Housing Society.
“Thank you to all our funders and local donors, and a huge shoutout to our development partner New Commons Development and the Slocan Valley Housing Society. The project greatly benefited from their experience and expertise.”
NDAHS was the original non-profit partner for the project and is in the process of transferring ownership and operations to the Slocan Valley Housing Society.
Rents depend on unit size and tenant income. The Osprey provides deep-subsidy units, units with rent geared to income for people with low or moderate incomes, and affordable market units for people with moderate incomes.
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