The Kamloops Brain Injury Association may soon be the beneficiary of eight new affordable housing units and office space on Fortune Drive and Oak Road.
Kamloops councillors are expected to hear a plan for construction and management of the new North Shore building during Tuesday’s meeting.
The plan is to construct a two-storey, eight-unit building on the empty lot, which will then be taken over by the Kamloops Brain Injury Association.
Staff supports rezoning the property from two-family residential to multiple family. The project appears to abide by the Kamloops community plan, which supports the intensification of land use for sustainability.
And increasing affordable housing falls in line with the city’s strategy to encourage new developments of the kind, especially when it’s near transit, parks, schools, services and shopping.
The public-private project will require financial assistance in the form of a development cost charges waiver and a North Shore tax exemption, according to a City staff report. It may also qualify for city affordable housing reserve funds.
B.C. Housing has already confirmed that a capital grant and mortgage financing would be available once the application is approved, states the report.
Council will decide Tuesday whether the plan goes ahead to public hearing.