A Westbank First Nation (WFN) development company is stepping in to salvage a townhouse project left dormant five years ago.
Ntityix Development Corporation (NDC), a WFN company, has partnered with Hungerford Properties to complete a 23-unit townhouse development within WFN reserve lands in West Kelowna.
The three-building development was left unfinished by previous developers in 2018.
"This project has been in talks since early 2022,” said NDC business development officer Nelson Derickson.
"We have spent the last few months really getting to know each other.
"Hungerford and NDC have aligned values in sustainability and believe our partnership will offer value to the community."
Their goal, a news release on the partnership says, is to deliver "much needed, high quality rental homes to the market."
WFN said the development will help to alleviate the Central Okanagan's rental vacancy rate crunch which sat at 0.6 per cent when last reported a year ago.
The companies say they have begun the work of getting the units up to a "rentable standard."
They should be available to the public by the spring of next year.
With more developable land available on the site, future housing opportunities are likely, according to the NDC statement.
