Housing Agreement (Affordable Housing) Bylaw No. 10735 and Housing Agreement (Market Rental Housing) Bylaw No. 10736 to Permit the City of Richmond to Secure Low-End Market Rental Homes and Market Rental Homes at 8620, 8640 and 8660 Spires Road per RZ 22-023633

Table 3: Market Rental Home Mix Number of Homes Percentages Basic Universal Housing (BUH) Studio 5 7% 5 1-Bedroom 44 65% 44 2-Bedroom 19 28% 19 Total 68 100% 68 The Housing Agreement for the market rental homes sets rent limits at no higher than prevailing market rates. In the context of any future stratification of the development, the Agreement provides that all market rental homes must be maintained under a single ownership.

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