The Ambrosia affordable housing complex is steadily on its way to completion. (Brennan Phillips - Keremeos Review)

The Ambrosia affordable housing complex is steadily on its way to completion. (Brennan Phillips - Keremeos Review)

Breaking down what Keremeos’ Ambrosia offers

A little guide to what affordable, subsidized and market-rate rentals are

With Ambrosia continuing to get closer to completion, there have been many questions in the community about what the new affordable housing project will actually bring to the community.

Terms like income-geared rent, subsidized rent, affordable rent and supportive housing all get thrown around quite often.

This development will feature a 20-50-30 per cent ratio of subsidized, affordable and market rate residential units.

Let’s start with the last of those. The market-rate units will be rented close to the average rental price in the area, and renting at that rate allows for other units in the building to be made more affordable.

“So we’re going to start with advertising starting at around the market rental rates, under our contract language that specifically means 10 per cent below the market,” said Sarah Martin, the executive director for the Lower Similkameen Community Services Society.

”We have to have our market spots filled to offer our deep subsidies.”

READ MORE: Ambrosia rising up to second-storey in Keremeos

The subsidized units, at the opposite end, will have rates closer to $400 to $500, specifically for those individuals who live on disability payments or limited retirement funds.

Most of the units fall in the middle, with rates reduced and made affordable for seniors, families and individuals who can’t afford the market rate. These units, which are rent-geared-to-income, will be offered at 30 per cent of the renter’s income, or the renting household for families.

All of the units will be built to the same standard.

“This is a model used all over the world,” said Martin. “It’s way ahead in Europe and fairly new to Canada. With them, you’re not seeing a density of socio-economic likenesses in a single building or neighbourhood, diversity is always good in a neighbourhood.”

Out of the 43 total units at Ambrosia, seven will be fully wheelchair accessible. Three will be studio apartments, while the other four will be one-bedroom sized. How the remaining units will be distributed is still being determined.

To report a typo, email: editor@pentictonwesternnews.com.


@PentictonNews
newstips@pentictonwesternnews.com

Like us on Facebook and follow us on Twitter.

affordable housing

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

These nails were collected off the Campbell Mountain bike trails in Penticton this weekend. Someone placed them all over the trail. (Facebook)
Hundreds of nails placed on popular Penticton bike trail

A mountain biker took to Facebook to warn others about the nails

Chrystina Barnard, owner of Lucky’s Pet Supply, has made it her mission to visit as many patios in Penticton as a way to promote restaurants. Here she is enjoying an eggs benny with her best fur friend at Loki’s Garage in Penticton. (Facebook)
Penticton foodie commits to 19-day patio crawl to promote local restaurants

The small business owner wanted to help out eateries hurt by the new restrictions

Flight with COVID
Another Kelowna flight with COVID-19 exposure

Westjet flight on April 5 from Kelowna to Edmonton

Penticton fire truck
Residents evacuated after apartment fire in Penticton

The fire started in an apartment on Government Street Saturday night

Lori Jantz snapped this picture of a fight between a bald eagle and an osprey above Osoyoos Lake on Friday. (Lori Jantz photo)
Battle in the sky erupts above South Okanagan lake

Bald eagle and osprey fight mid-air in Osoyoos

B.C. Health Minister Adrian Dix and Premier John Horgan describe vaccine rollout at the legislature, March 29, 2021. (B.C. government)
1,262 more COVID-19 infections in B.C. Friday, 9,574 active cases

Province’s mass vaccination reaches one million people

A second case of COVID-19 has been confirmed at Vernon’s BX Elementary School. (Kerry Hutter photo)
Second COVID case confirmed at Okanagan elementary school

Exposure at Vernon’s BX Elementary happened April 6 and 7

People walk past the Olympic rings in Whistler, B.C., Friday, May 15, 2020. Whistler which is a travel destination for tourists around the world is seeing the effects of travel bans due to COVID-19. THE CANADIAN PRESS/Jonathan Hayward
Adults living, working in Whistler, B.C., eligible for COVID-19 vaccine on Monday

The move comes as the province deals with a rush of COVID-19 and variant cases in the community

RCMP crest. (Black Press Media files)
UPDATE: RCMP investigating after child, 6, dies at motel in Duncan, B.C.

The BC Coroners Service is conducting its own investigation into the circumstances around the child’s death

Highway 97 being converted to four lanes in April 1990. This photo taken in Lake Country. (Greater Vernon Museum and Archives Photo #14025)
HISTORY: How the old Highway 97 in Lake Country got new name

Pelmewash Parkway recognizes the First Nations history in Lake Country

RCMP display some of the fish seized from three suspects who pleaded guilty to violating the Fisheries Act in 2019, in this undated handout photo. THE CANADIAN PRESS/HO - RCMP
3 banned from fishing, holding licences after overfishing violations near Vancouver Island

Mounties seized the group’s 30-foot fishing vessel and all equipment on board at the time

B.C. Premier John Horgan responds to questions during a postelection news conference in Vancouver, on Sunday, October 25, 2020. British Columbia’s opposition Liberals and Greens acknowledge the COVID-19 pandemic has presented huge challenges for Horgan’s government, but they say Monday’s throne speech must outline a coherent plan for the province’s economic, health, social and environmental future. THE CANADIAN PRESS/Darryl Dyck
Horgan’s NDP to bring in throne speech in B.C., Opposition wants coherent plan

Farnworth said the budget will include details of government investment in communities and infrastructure

Most Read