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Housing Agreement Amendment Application for 10388 No 2 Road (formerly 10440 and 10460 No. 2 Road)

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Sanford Housing Society has 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 12 LEMR homes secured through RZ 13-649524 adopted June 22, 2015, and Housing Agreement (10440 and 10460 No. 2 Road) Bylaw 9246 adopted May 25, 2015, at the subject property (currently addressed as 10388 No 2 Road) 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 fonn part of any future statutory declaration process and only apply to new tenancies.

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