Housing Agreement Amendment Application by BC Housing and Polygon for Talistar Development at 3468 Ketcheson Court

BC Housing is proposing to increase the affordability of one-half, or 78 of the 156 LEMR homes, by setting rents for these homes at 25 per cent below the Canada Mortgage and Housing Corporation's (CMHC) Average Market Rent (AMR) for Richmond. The remaining LEMR homes would have rents set at the current LEMR rent rates, being 10 per cent below the CMHC AMR for Richmond. Table 2 presents the proposed maximum rents by unit type.

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