A new apartment building with 27 affordable units priced for moderate to middle-income families officially opened in Nanaimo on Friday.
The building at 858 Georgia Ave will offer monthly rents between $1,100 and $1,700, for households with annual incomes between $44,000 and $68,000.
The Nanaimo Affordable Housing Society will maintain ownership and day-to-day operations of the building, with $9 million in government financing.
“This new project is a welcome addition to our housing stock for moderate- and middle-income singles, couples and small families,” said Andrea Blakeman, CEO, Nanaimo Affordable Housing Society. “It’s really a lovely building and will be a great place for people to call home.”
People have started to move into the units, which were completed Oct. 2019.
“We thank BC Housing and the Nanaimo Affordable Housing Society for their ongoing investments to provide a variety of affordable housing options to meet the needs of our community,” said Nanaimo Mayor Leonard Krog. “This important project meets the goals set out in the city’s Affordable Housing Strategy to increase rental opportunities for low- to- moderate-income households in a location that is walkable to schools, shops and recreational opportunities.”