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

In addition to setting maximum rents and income thresholds, the Housing Agreement will protect tenants from age-based occupancy restrictions, limits on access to indoor and outdoor amenity areas, and the imposition of fees including strata fees, amenity fees and move-in/move-out fees. The Agreement provides for an annual statutory declaration to ensure compliance with the terms of the Agreement. Should the owner choose to sell the MMR homes, the Agreement requires that all the units be maintained under single ownership.

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