Housing Agreement Amendment Application for 5766 and 5788 Gilbert Road

Az-Zahraa Housing Society have applied to amend their housing agreement to align with the updated rent rates and income thresholds endorsed by Council in November 2024. As outlined in Table 1 below, the 14 LEMR homes secured through DP 15-700007 issued September 25, 2017, and Housing Agreement (5766 and 5788 Gilbe1i Road) Bylaw 9739 adopted September 25, 2017 at the subject property are currently occupied. The ability to charge the updated rent rates and apply the noted income thresholds would only apply at the time of any tenant turnover. Consideration of assets would fmm part of any future statutory declaration process.

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