Housing Agreement (Moderate Market Rental Housing) (9000 No. 3 Road) Bylaw No. 10690 to Permit the City of Richmond to Secure Moderate Market Rental Units at 9000 No. 3 Road

Panatch Group, on behalf of 1320484 B.C Ltd. (Director: Kush Panatch), applied to the City to amend the Official Community Plan (OCP) and Richmond Zoning Bylaw 8500 to permit the development of 64 rental homes in a five-storey mixed-use apartment building. Seven of the homes will be secured at below-market rental rates. Council granted first reading to the amending bylaws on April 28, 2025. A public hearing for the amendments was held on May 20, 2025, following which Council granted second and third readings to the amending bylaws. In accordance with the rezoning considerations for Rezoning Application RZ 23-033712, the applicant is required to enter into a Housing Agreement and register a Housing Covenant on Title to secure at least seven of the rental homes as Moderate Market Rental (MMR) homes in perpetuity. This rep011 recommends that City Council give first, second and third readings to Housing Agreement (Moderate Market Rental) (9000 No. 3 Road) Bylaw No. 10690.

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