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A nonprofit plans a 60-unit rental building in Penticton for middle-income residents, with 20% below-market units, pending council approval on Jan. 20, 2026.
A six-storey rental apartment building with 60 units is proposed in Penticton’s North Gateway neighbourhood, aiming to provide housing for middle-income households, including essential workers.
Led by the non-profit New Vista Society, the project, part of the provincial BC Builds Program, seeks a zoning change to increase the floor area ratio and includes about 20% of units priced below market rate.
The development is located near the South Okanagan Events Centre and will have rental rates based on local income and costs, targeting no more than 30% of income spent on rent.
Penticton City Council will review the proposal on January 20, 2026, without a public hearing due to provincial exceptions.
Una organización sin fines de lucro planea un edificio de alquiler de 60 unidades en Penticton para residentes de ingresos medios, con un 20% de unidades por debajo del mercado, a la espera de la aprobación del consejo el 20 de enero de 2026.