APPLICATION BY ANTHONY BONI (BONI MADDISON ARCHITECTS) FOR REZONING AT 4831 STEVESTON HIGHWAY FROM THE “SINGLE DETACHED (RS1/E)” ZONE TO THE “LOW RISE RENTAL APARTMENT (ZLR48) – STEVESTON HIGHWAY (STEVESTON)” ZONE

The proposed rental dwelling units are to be provided to serve low-income tenants who otherwise would be experiencing a high degree of housing need. The maximum household incomeofpotential residents will be directed by BC Housing. In accordance with the CMHC Rapid Housing Initiative Agreement, the housing units will provide rent-geared-to-income affordability whereby tenants pay less than 30 per cent of their monthly household income toward rent. This is consistent with the City’s Affordable Housing Strategy which defines affordable housing as housing whereby tenants pay no more than 30 per cent of their gross income towards all housing costs. Affordability terms will be secured with a Housing Agreement registered on Title, in addition to the registration of a ground lease with a term of up to 20 years with BC Housing. The Housing Agreement which will be registered on Title will also require the applicant to satisfy all City requirements as required.

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