Okanagan students to benefit from greener, more affordable housing

OC Kelowna -web

Generations of students will now be able to study in their communities, thanks to new, environmentally friendly mass timber housing being constructed at Okanagan College's Vernon, Salmon Arm and Kelowna campuses.

"Affordable housing is key to building strong, healthy communities. This new student housing will help students focus on their studies, and its mass timber construction will create good jobs for local workers," said Premier John Horgan. "Our government remains committed to helping people get through the pandemic now, while building an economic recovery that works for everyone. I am proud that this project will do both."

The project will include construction of 376 additional affordable student homes in five new student housing buildings, including a combination of single, double and quad suites - resulting in a 260% increase in the total number of student beds available. Currently, Okanagan College has no student housing in Vernon or Salmon Arm and 144 student beds housed in a single building on the college's Kelowna campus.

"Students in Vernon and across the Okanagan will soon have affordable and sustainable housing close to school, so their focus can remain on their education and building a better life for themselves and their community," said Harwinder Sandhu, MLA for Vernon-Monashee, on behalf of Anne Kang, Minister of Advanced Education and Skills Training. "We are listening and responding to student housing concerns in the most affordable, innovative and environmentally sustainable way."

The new buildings will be constructed using mass timber - a renewable resource with a lower carbon footprint compared to traditional concrete construction. British Columbia is a leader in the use of mass timber as an innovative way to reduce the carbon footprint of the building sector, while supporting good-paying jobs for people in communities throughout the province. The energy efficient design also supports the Province's commitment to furthering CleanBC priorities, as the buildings will meet Step 4 of the BC Energy Step Code.

The Province's $66.5-million investment in the Okanagan College project will increase economic opportunities for Indigenous and local workers in the forestry sector. Government expects the project will create more than 500 direct and indirect local jobs.

The project is part of government's 30-point housing plan. The plan includes a BC Student Housing Loan Program for public post-secondary institutions that provides access to funds to help finance student housing projects over six years. Of the $67.5-million total project cost, $36.3 million is being provided through a provincial grant and $30.2 million from a provincial loan. Okanagan College will contribute $1 million towards this development.

Since February 2018, the Province has funded an additional 2,816 student beds at post-secondary institutions. In September 2020, the Province announced an investment of $108 million towards a $114-million new, affordable student housing project at the British Columbia Institute of Technology, also a mass timber project.

Funding student housing is part of the government's 10-year housing plan, Homes for BC. This includes a $1.9-billion investment through the Building BC: Community Housing Fund to create more than 114,000 new affordable rental homes for low- to moderate-income British Columbians.