Eligible projects could receive up to 8,000 in grant money
Anyone with a rental housing project in the works will be able to apply for a grant to help with development costs from now until November 19th.
Long-range planning manager James Moore says this year's rental housing grant pool comes in at around $320,000.
"The larger the number of bedrooms – the bigger your share," says Moore. "We recognize that there's a shortage of three-bedroom units in Kelowna, so there's a larger incentive for three-bedroom units than there are for one-bedroom units, but each project is equally eligible for the allocation of funding."
The maximum grant that a project can receive is $8,000.
Some requirements include the project having five or more dwellings, as well as a housing agreement with the City, and they must be prepared to begin construction in 2019.
For more information on these grants, as well as their requirements, go to the City of Kelowna's website.
