Pepper Lane Seniors Affordable Housing Project Cancelled at Proposed Location

development · December 2022 · Denman Road (behind the Guest House)

The Denman Community Land Trust Association announced they will not complete the Pepper Lane Seniors Affordable Housing Project at the proposed Denman Road location due to the landowner's unwillingness to extend the purchase agreement without a full construction financing commitment by December 31, 2022. The DCLTA plans to seek another suitable property and remains committed to the project.

Sources

• “We are writing to update the community about the Pepper Lane Seniors Affordable Housing Project. Regrettably, we will not be able to complete the project at the proposed location on Denman Road (behind the Guest House)...Our land purchase agreement requires that a commitment for construction funding be in place by Dec. 31, 2022...the landowner is unwilling to waive this condition or extend the purchase agreement upon expiry at the end of this year.” — The Islands Grapevine – December 8th, 2022 (December 8th, 2022)

Compiled from public community sources; we report the subject under discussion, not opinion. Report a correction.