Sun Peaks Housing Authority

About the Sun Peaks Housing Authority

The Sun Peaks Housing Authority was established in 2018 as an incorporated housing authority and legal entity to oversee the development, administration, and management of employee housing in Sun Peaks
The SPHA is an independent municipally owned corporation of Sun Peaks Mountain Resort Municipality (SPMRM). The SPMRM is the sole shareholder of the SPHA
Administrative support is provided by the Municipality

Purpose of the SPHA

Undertake and carry on the business of providing, administering, managing, promoting and advising on housing for residents and their families whose primary place of employment or self-employment is within Sun Peaks Mountain Resort Municipality
Acquire land, buildings or other structures for the provision or resident housing
Develop and service land and construct buildings whether by purchase, sale, lease or otherwise for the provision of resident housing
assess, review and advise on the merits of proposed resident housing projects in Sun Peaks Mountain Resort Municipality;
Administer and manage all aspects of housing provided through the Company
Promote the cause of affordable resident employee housing in Sun Peaks Mountain Resort Municipality

Governance

The SPHA is governed by a Board of Directors consisting of seven (7) Directors.
Directors are responsible for providing oversight and direction to the SPHA.

Sun Peaks BC Builds Housing Project

Sun Peaks Mountain Resort Municipality has signed an agreement with BC Builds to construct middle-income housing on Parcel 74.

- BC Builds is a housing program, delivered by BC Housing, to speed up the development of new homes for middle-income working people.
- The program is designed to create housing that is attainable for middle-income households.
- BC Builds is designed to create rental housing (a home ownership program is under development) that is attainable for household incomes ranging from $84,780 to $131,950 for a studio or one-bedroom home or $134,410 to $191,910 for a two-bedroom home or larger.
- For partnerships with non-profits and municipal housing authorities, BC Builds units need to be rented at the BC Builds 80/20 split – 80% of units at market, 20% of units at 20% below market.
- BC Builds moves projects from concept to construction in 12-18 months, rather than the typical three-to-five years.
- More information about BC Builds can be found at BC Builds Homes
- Proposals are currently being sought from interested developers to design and build rental housing on 1180 Sun Peaks Road on the BC Builds property opportunity notice page. The opportunity closes on December 19, 2024.
- BC housing staff with Municipal staff will evaluate and score all proposals based on the established evaluation criteria and make a selection.
- Details on the development (design, number of suites, parking etc.) will be shared with the community as we move through the process.
- Future developer will be required to complete environmental assessment and SPMRM will ensure consideration is given to the wildlife corridor and traffic access and safety considerations etc.
- SPMRM acquired parcel 74 from Sun Peaks Resort LLP.
- Purchase price of $100,000 (below market value – assessed at $209,000).
- Parcel 74 has been identified in the Master Development Plan and updates in progress to SPMRM’s Official Community Plan as suitable for future affordable and or employee housing.
- The land is subdivided into two (2) lots. Lot A (1180 Sun Peaks Road) and Lot B (1188 Sun Peaks Road).
- SPMRM has partnered with BC Housing to as part of the BC Builds program to seek proposals from interested developers to build rental housing on 1180 Sun Peaks Road.
- Development of 1188 Sun Peaks Road will be explored in the future.
- The future rental housing at 1180 Sun Peaks Road will be operated by the Sun Peaks Housing Authority and restricted to permanent Sun Peaks residents and employees.
- As part of the land acquisition with SPR LLP, SPMRM has agreed to allocate 40% of the future rental units to SPR LLP for their long-term employees.
- If SPR is unable to fill all 40% of the units, any remaining units will revert back to the Housing Authority rental pool and be available to other employees in Sun Peaks.
- Rental rates for the BC Builds rental homes will be determined through an analysis of incomes, average market rents, and development costs within the community with a target of households spending no more than 30% of their income on rent.
- BC Builds is not rent geared to income. The aim is to help households pay less for housing, but BC Housing does not tie the rent to income.
- Eligibility criteria for the rental units will be established and managed by the Sun Peaks Housing Authority.
- A part-time housing manager will be contracted to work for the Sun Peaks Housing Authority to develop the rental housing eligibility policies, and work with BC housing and the future developer on the BC Builds project.
- Without sufficient capital funding, SPMRM does not have the financial resources to develop housing in the community without financial and or stakeholder support.
- There is currently not an existing program available to SPMRM to build non-market or affordable housing at this time.
- SPRM recognizes there is a need for non-market and affordable housing and will pursue any future opportunities for this type of housing development.
- Middle-income housing has also been identified as a need in the community.
- The BC Builds program is an opportunity to meet this need.
- BC Builds offers low-interest financing for new residential rental developments. As needed, BC Builds provides grants so at least 20% of the units are at 20% below market.

Alerts

About the Sun Peaks Housing Authority

Purpose of the SPHA

Governance

Sun Peaks BC Builds Housing Project