TBD
Propolis Housing Cooperative is a new non-profit housing co-operative founded in 2020 in Kamloops to develop affordable, sustainable, and net-zero multi-family housing. Its first housing project is a building with 53 net-zero homes above ground-floor commercial space intended for a daycare and a performing arts space, with plans to accommodate the Effie Arts Collective, an existing tenant.
Net-zero homes produce as much energy as they consume, resulting in a carbon-neutral footprint. The project will include solar panels. All homes will be operated as non-profit cooperative housing with rents below market.
The project is notable for raising over $1.1 million by issuing community bonds directly to finvestors, demonstrating strong local support for alternative financing models. The City of Kamloops also contributed an unused section of Hilltop Avenue for the redevelopment.
Profile Maps Last Updated: July 2, 2024
Notes:
**Priority Population(s): These are described for projects that explicitly fill some or all units with people who are part of a specific demographic that faces unique needs related to housing insecurity.
**Green Building Standard: This is described for projects that are designed according to a green building certification such as LEED (Gold/Platinum), Built Green (Gold/Platinum), and Passive House.
**Affordability Definitions:
Deeply Affordable – A home that is affordable to people on a very limited income, such income assistance, disability assistance, and income support programs for seniors.
Rent Geared to Income – A home that is available to people with modest incomes. Rent is calculated to be affordable based on the tenant’s income.
Moderate Income – A home that is available for a monthly rent that is equal to the low-end of rents available in the private market. Also referred to as ‘Middle Income’ and ‘Affordable Market’.
