Rental Housing Initiatives
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.
draft Rental replacement policy
if you are looking for information about tenant protections, please click here
Council Report December 9, 2019 - Draft Inclusionary Housing Policy
Council Report January 14, 2019 - Proposed Rental Housing Revitalization Initiative
Council Report December 10, 2018 – Draft Inclusionary Housing Policy for Rezoning Application Negotiations
Council Report August 27, 2018 - Rental Replacement Policy and Inclusionary Housing Policy: Next Steps and Timeline
Council Report January 8, 2018 - Rental Replacement Policy and Inclusionary Housing Policy: Proposed Work Plan and Consultation Process