A variety of people attended the launch of KUC’s affordable housing sale. This housing includes units for those earning $85,000 a year or less who can’t afford a down payment on a new home.
Purchasers of 41 of the 56 residential units are eligible to have 10 per cent of the price carried by the church, said Jennifer Keim, the redevelopment’s co-chairwoman. The offer gives people who can afford a mortgage but can’t get the money together for a down payment the chance to own a new home, she said.
To the best of Keim’s knowledge, this is the first time a downtown development has offered suites for $150,000 to $270,000. “Most of the developments have been high end, $400,000-plus type things,” said Keim. “We’re so proud to be able to offer this.” The church is working with B.C. Housing and Canada Mortgage and Housing to create affordable housing.
Marketing co-chairwoman Mary Ann Milobar said financing for the project will be repaid as units are sold. “It’s quite unique, I think, for Kamloops,” she said. At the launch was a mockup of the site, plans for each floor and suites on display. Information folders were available and a presentation team was there to answer questions people had. This information is now available by contacting the church and making an appointment with a presentation team member.
The project is a redevelopment of the existing church. The ground floor will be administration and floors two through six will be residential. There will be a rooftop patio with planters so people can plant vegetables or flowers or whatever they like.
Mayor Peter Milobar was on hand at the June 10th “Launch” to open the sale. People enjoyed refreshments, had the opportunity and possibly find a new home or to simply share in the celebration of this housing initiative. For more information phone KUC’s Marketing Co-Chair, Mary Ann at 250-374-6585.