The Society of Hope, a non-profit that has been providing quality, affordable housing to low-income residents in the Central Okanagan since 1989, has been selected to lead the redevelopment of the Pleasantvale housing community. They will also operate the affordable housing once complete.
Pleasantvale is a 50-unit seniors' housing development on Richter Avenue built in the mid-1950s by the Rotary Club of Kelowna.
In June 2011, the Pleasantvale Homes Society transferred ownership of the property to BC Housing and the City of Kelowna provided additional land to expand the development.
In July 2013, following an extensive public process, Kelowna's City Council approved the project.
The redevelopment will see the 50 aging units replaced and an additional 20 affordable rental homes added to the site.
Construction on the seniors housing could begin as early as July 2014, with occupancy projected for the fall of 2015.
During construction, current tenants will be furnished with alternate accommodations.
When the building is complete, they will have the option to move back to a new unit.
Construction on the family housing phase will begin once the seniors' building is complete.
Market housing will be added in the future to help offset construction costs for the 70 new affordable homes.
The entire development including the market component is expected to take five to seven years to complete.