Housing Agreement Amendment Application for 5766 and 5788 Gilbert Road

November 14, 2025 -2- Staff Report Origin On November 12, 2024, Council approved changes to the City's Low-End Market Rental (LEMR) Program, updating the permitted rents and income thresholds as described in the report titled "Updating the Low-End Market Rental (LEMR) Program to Support the Delivery of Affordable Housing" dated October 16, 2024. The subject application by Az-Zahraa Housing Society would, if approved, amend the definitions of permitted rent and eligible tenants to align with the recently updated rates. The inclusion of a LEMR Tenant asset limit was endorsed by Council on July 28, 2025, as part of the creation of the "Low-End Market Rental Parking, Tenant Asset and Income Limit Exceedance Policy", being Council Policy No. 5475. The amendments proposed would establish an asset limit of $100,000 applicable to new eligible tenants. The items included, and excluded, in determining the value of assets align with those set out in the Policy. This report suppo1is Council's Strategic Plan 2022-2026 Focus Area #2 Strategic and Sustainable Community Growth: Strategic and sustainable growth that supports long-term community needs and a well- planned and prosperous city. 2.2 Develop and implement innovative and proactive solutions that encourage a range of housing options and prioritize affordability. Analysis Az-Zahraa Housing Society have applied to amend their housing agreement to align with the updated rent rates and income thresholds endorsed by Council in November 2024. As outlined in Table 1 below, the 14 LEMR homes secured through DP 15-700007 issued September 25, 2017, and Housing Agreement (5766 and 5788 Gilbe1i Road) Bylaw 9739 adopted September 25, 2017 at the subject property are currently occupied. The ability to charge the updated rent rates and apply the noted income thresholds would only apply at the time of any tenant turnover. Consideration of assets would fmm part of any future statutory declaration process. Table 1: Details for 5766 and 5788 Gilbert Road Owner I No. of Construction I Operator I Beneficial Address LEMR Occupancy Amendment Bylaw Owner Units Status Owner 5766 and 5788 Housing Agreement Az-Zahraa Gilbert Road Completed 2022, Az-Zahraa (5766 and 5788 Gilbert Housing (formerly 7100 14 Occupied Housing Road) Bylaw No. 9739, Society Elmbridge Way) Society Amendment Bylaw No. 10692 The amending bylaw, if adopted, would have the effect ofrepealing and replacing the existing housing agreement. The repeal and replace approach ensures consistency in the tenns of the agreement and lessens the administrative burden when carrying out the statutory declaration 8226870 PLN - 7

非商业公共资料研究与事实报道；仅展示核对事实所需的已评估摘录及本站中文说明。版权归原作者或发布机构；不表示来源机构认可本站。原文、来源及使用条款见链接。 来源使用条款 ↗