The Revelstoke Community Housing Society (RCHS) has announced it is partnering with resident Adrian Giacca to work on developing on his MicroHome project.
The concept, to build a microhome community, has been featured in several stories in revelstokemountaineer.com and Revelstoke Mountaineer Magazine.
The concept is to co-locate several homes ranging between 300 and 700 square feet on the property in a strata development that would cap the investment potential to guard against rising prices.
Now, the independent non-profit housing society is working with Giacca to help take the project to the next level, serving as the lead agency on the project.
“The acknowledgement of the Housing Society is a huge honour as it demonstrates that this is no longer Adrian’s project, but as it was always intended to be: a Revelstoke development for Revelstoke residents,” the proponents said in a statement.
He told the Mountaineer the current plan is to build the microhome project on a small residential property, but that research and a business plan will come first.
The number of potential tiny homes is site dependent, but the target is to build three to five of them.
Giacca said that city zoning would need to change to allow the project, and he pointed to ‘pocket community‘ zoning that is gaining popularity in some communities.
Once a property is secured, he thinks it would take about six months to complete the business plan.
As a non-profit initiative, the project could be eligible for housing funding, and in-kind donations of labour, material and resources are also possible.
According to research compiled by Giacca, property values have increased by 53% since 2017 and the average price of a single-family home is now $567,000, meaning 60% of residents can no longer able to qualify for a mortgage.
“The greatest loss to a community are its residents who can no longer afford to call this place home.” – Adrian Giacca
The project previously received support through the North Columbia Environmental Society and a grant from RBC’s Future Launch Initiative.
In a statement, the RCHS said it was pursuing the opportunity, “to collaborate with stakeholders and government agencies to develop a housing initiative that prioritizes a greater sense of well-being, providing residents with a stepping stone into the real estate market with guaranteed long-term affordability.”