HOUSING AGREEMENT BYLAW NO. 10300 TO PERMIT THE CITY OF RICHMOND TO SECURE AFFORDABLE HOUSING UNITS AT 8100, 8120 AND 8180 WESTMINSTER HIGHWAY

Table 1: Proposed Unit Specifics Affordable Housing Strategy Requirements Project Targets Unit Type Max. Monthly Total Max. Min. Unit Area Household # of Units Unit Rent* Income* Studio 37 m2 (400 ft2) $811 $34,650 or less 1 (6%) 1-BR 50 m2 (535 ft2) $975 $38,250 or less 10 (63%) 2-BR 69 m2 (7 41 ft2) $1,218 $46,800 or less 4 (25%) 3-BR 91 m2 (980 ft2) $1,480 $58,050 or less 1 (6%) TOTAL 1,019 m2 (10,970 ft2) 16 *To be adjusted annually based on the terms of the Housing Agreement.

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