Rental Housing Initiatives Underway

Inclusionary Housing Policy

The Inclusionary Housing Policy, endorsed by Council on December 9, 2019, has been developed to guide rezoning processes for strata and mixed-use residential development city-wide.

The policy, which is now in effect, provides guidance to property owners on the City’s expectation for the delivery, ownership and management of affordable rental housing required as a condition of rezoning and includes three options for applicants to choose from:

Option 1 – Applications requesting Official Community Plan (OCP) amendment and/or exceeding Density Bonus Policy, requires a minimum of 20% of total units or floor area as built affordable rental units.

Option 2 – Applications within OCP / Density Bonus Limits, requires a minimum of 5% of total units as built non-market rental units.

Option 3 – Applications within OCP / Density Bonus Limits, requires a minimum of 10% of total units as below-market rental units.

Other provisions, including ownership and management requirements, rent amounts, unit size and mix, and incentives are outlined in the policy.

Click here to access the Inclusionary Housing Policy.

Rental Housing Initiatives Underway

The City of New Westminster is developing new policies and programs to help address the need for affordable rental housing, the risk of renovictions and the maintenance of existing purpose-built rental buildings. The Rental Housing Revitalization Initiative has led to the development of the Rental Housing Revitalization Program and the Rental Replacement Policy.

If you are looking for information about tenant resources and renovictions, please click here.

  1. Rental Housing Revitalization Program 
    Discourages renovictions and promotes the maintenance of purpose-built rental buildings. The Rental Housing Revitalization Program would include actions to dis-incent renovictions and incent the maintenance of purpose-built rental buildings through:
  • Revitalization tax exemption for securing, maintaining and revitalizing of existing rental units
  • Business licensing requirements to prohibit renovictions.

The Business Regulations and Licensing (Rental Units) Amendment Bylaw No. 8085 was adopted by Council on February 4, 2019.  

Click here to view a copy of Bylaw No. 8085, 2019.

Click here to view answers to FAQs.

  1. Rental Replacement Policy (Draft) 
    Applies to all existing purpose-built market rental housing sites where redevelopment will remove more than 6 rental units. Applicants seeking rezoning are expected to provide 100% of the secure market rental units including 10% of total units secured as below-market rental units.

    A draft Rental Replacement Policy was considered by the Council on January 14, 2019.  Click here to view the Draft Rental Replacement Policy.
     

Resources