HOUSING AGREEMENT (AFFORDABLE HOUSING) BYLAW NO. 10557 TO PERMIT THE CITY OF RICHMOND TO SECURE LOW END MARKET RENTAL (LEMR) UNITS AT 8911, 8931, 8951, AND 8991 PATTERSON ROAD

This report is also consistent with the City of Richmond's Affordable Housing Strategy 2017- 2027, including: Strategic Direction #1: Use regulatory tools to encourage a diverse range of housing types and tenures. Analysis The development proposes the construction of 163 residential units, including 27 LEMR units. The total residential floor area of the LEMR units is approximately 19,976 ft2 ( 185 5 m2), making up 15 per cent of the total residential floor area of the project, being the minimum required inside of the City Centre. Should minor adjustments be made as a result of more detailed design, staff will ensure the total floor area of the LEMR units continues to uphold the 15 per cent required. A Housing Covenant will be used to secure the noted floor area in addition to the minimum unit sizes, the location of LEMR units, and the allocation of parking spaces to the LEMR units. 7633263 PLN - 56

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