11774 Middle Income Housing Partnership Short List
Solicitation number BC11774
Publication date
Closing date and time 2024/07/23 17:00 EDT
Description
• Affordability: At least 20% of the units in each project must be rented at 20% below the market rate,
• Financial Sustainability: To ensure the long-term viability of the projects, up to 80% of the units can be rented at full market rate, generating revenue for the developers and operators.
• Unit Mix: The projects must offer a variety of home sizes, ranging from studio apartments to three-bedroom units, to accommodate the diverse needs of middle-income residents;
These criteria are designed to balance the goals of affordability, sustainability, and diversity in the MIHP program. By following these criteria, the program will create more housing options for middle-income households who are often priced out of the market or unable to find suitable homes.
Contract duration
Refer to the description above for full details.
Trade agreements
-
Please refer to tender description or tender documents
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Contact information
Contracting organization
- Organization
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City of Kelowna
- Contracting authority
- Anna Levay
- Email
- purchasing@kelowna.ca
Bidding details
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