HOUSING AGREEMENT (AFFORDABLE HOUSING) BYLAW NO. 10548, HOUSING AGREEMENT (MODERATE MARKET RENTAL) BYLAW NO. 10549 AND HOUSING AGREEMENT (MARKET RENTAL) BYLAW NO. 10550 TO PERMIT THE CITY OF RICHMOND TO SECURE LOW- END MARKET RENTAL (LEMR) UNITS, MODERATE MARKET RENTAL UNITS AND MARKET RENTAL UNITS AT 6071 AZURE ROAD

May 7, 2024 - 2 - 7611426 Staff Report Origin The purpose of this report is to recommend that City Council give first, second and third readings to Housing Agreement (Affordable Housing) Bylaw No. 10548 to secure 50 Low-End Market Rental (LEMR) units; Housing Agreement (Moderate Market Rental) Bylaw No. 10549 to secure 110 moderate market rental units; and Housing Agreement (Market Rental) Bylaw No. 10550 to secure 170 market rental units at 6071 Azure Road (Attachment 1). BC0923745 (now Sun Valley Rental Ltd.) has submitted an application to amend the City of Richmond¶s Official Community Plan (OCP) and Richmond Zoning Bylaw 8500 to permit a 330- unit residential development including rental housing units with mixed levels of affordability. Council granted first reading to the amending bylaws on September 26, 2022. A public hearing for the amendments was held on October 17, 2022 following which Council granted second and third readings to the bylaws. The rezoning considerations tied to the project require the registration of three Housing Agreements in addition to a Housing Covenant. The Housing Agreements will secure the 330 units as rental tenure in perpetuity and will be complemented by rental tenure zoning. This report supports Council¶s Strategic Plan 2022±2026 Focus Area #2 Strategic and Sustainable Community Growth:

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 ↗