Looking for affordable housing in Vernon? Look no further! Recent collaborations between the BC government and non-profit organizations have yielded over 60 new and preserved affordable housing options in the North Okanagan. This is fantastic news for those struggling with rising housing costs in the region.

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Thunderbird Manor

The much-anticipated second phase of Thunderbird Manor in Vernon is finally open! This five-storey building offers a variety of one, two, three, and even four-bedroom units specifically designed for Indigenous families and Elders.

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Here's what makes Thunderbird Manor unique:

• Income-Based Affordability: Rents are geared towards those with moderate or low incomes, ensuring long-term affordability for residents.
• Focus on Accessibility:  Nine units are specifically designed for people with disabilities, promoting independent living.
• Adaptable Senior Living:  Twenty-six units are designed to be adaptable for seniors, allowing them to age comfortably in their own homes.
• Supporting Young Adults: Three studio apartments are reserved for young adults aged 16 to 19 seeking independent living arrangements.

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This project is a prime example of creating inclusive and affordable housing solutions that cater to the diverse needs of the community.

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Sunrise Gardens Apartments

Another significant development is the preservation of 26 affordable rental units at Sunrise Gardens. Previously at risk of being sold on the open market, these apartments could have seen substantial rent increases, displacing current residents.

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Thankfully, the BC government intervened through the Rental Protection Fund, partnering with the Canadian Mental Health Association (CMHA) Vernon & District Branch, to purchase the building.

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This collaborative effort ensures these homes remain affordable for current and future tenants. Here's what residents can expect:

• Long-Term Stability: CMHA Vernon taking ownership and operation guarantees professional management and a stable living environment.
• Upgraded Units: Each unit will receive a $47,000 grant for renovations, improving the overall living experience.
• Continued Affordability: Rents will remain approximately 45% below the market rental rate in Vernon, providing much-needed financial relief.

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This initiative demonstrates the power of collaboration in tackling housing insecurity and creating a more equitable community.

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The Bigger Picture

The availability of these affordable housing options goes beyond just providing a roof over someone's head. Here's how these projects contribute to the well-being of Vernon:

• Improved Community Health: Stable and affordable housing is directly linked to better physical and mental health outcomes for residents.
• Economic Benefits: Affordable housing options attract and retain a diverse workforce, fostering economic growth.
• Stronger Community Bonds: When residents feel secure in their housing, they can become more engaged and contribute positively to their communities.

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Finding Your Affordable Home in Vernon

If you're interested in applying for one of these affordable housing options, here are some resources to get you started:

• Thunderbird Manor: Contact the Okanagan Indian Band at 250-545-7186 for more information and application details.
• Sunrise Gardens Apartments:  Stay tuned for updates from CMHA Vernon & District Branch at https://cmhavernon.ca/. They will likely announce a waitlist or application process in the near future.
• BC Housing: Explore the BC Housing website (https://www.bchousing.org/) for a broader range of affordable housing options and resources in Vernon and throughout the province.

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Finding affordable housing can be challenging, but these new developments offer a glimmer of hope for those seeking a secure and comfortable place to call home in Vernon.

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Contact Us Today!

Whether you're seeking an affordable home or exploring the broader Vernon market, Coldwell Banker Horizon Realty is here to help. Contact us today for a free consultation and let's discuss your real estate goals!