Affordable seniors’ rental housing is being preserved in Penticton, thanks to approximately $6.5 million in long-term financing from the B.C. government to help a non-profit group purchase Charles Manor.
The 84-unit independent living seniors’ residence was recently purchased by the Vancouver Resource Society (VRS).
“Our seniors population is growing, and there is strong evidence that helping seniors remain independent enhances their quality of life. With an experienced operator like VRS at the helm, Charles Manor will not only provide stable housing, but the independence our seniors deserve for many years to come,” said Penticton MLA Dan Ashton.
VRS will operate the building and continue to maintain the current support services provided to residents which include daily meals, weekly housekeeping, linen services, laundry services and scheduled leisure and fitness activities.
Located at 333 Martin St., the five-storey building has operated as a seniors’ residence since 2004 and is comprised of studio, one and two-bedroom units and eight ground floor commercial spaces. It is located near the downtown core of Penticton,and residents have easy access to a range of commercial and retail amenities, restaurants, walking paths and parks.
Last year, the province invested over $5.5 million to provide subsidized housing and rent supplements for more than 1,300 households in Penticton. This includes providing support for more than 920 senior households.