Housing Agreement Amendment Application by BC Housing and Polygon for Talistar Development at 3468 Ketcheson Court

In instances where an income exceedance occurs beyond IO per cent, BC Housing has asked that the Housing Agreement provide for 12 months to vacate a unit upon receipt of an end of tenancy notice, whereas the City's standard Housing Agreement provides tenants with six months to vacate a unit. Staff recommend that this additional timing be accepted by the City as doing so will provide greater accommodation to moderate-income households that may be challenged to find suitable alternative affordable rental or market housing. Terms in the attached housing agreement bylaw enable the 10 per cent income exceedance buffer and the extended time to vacate a unit as noted.

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