HOUSING AGREEMENT BYLAW NO. 10300 TO PERMIT THE CITY OF RICHMOND TO SECURE AFFORDABLE HOUSING UNITS AT 8100, 8120 AND 8180 WESTMINSTER HIGHWAY

The Housing Agreement specifies that occupants of the affordable rental housing units shall have unlimited access to all indoor and outdoor residential amenity spaces as well as all associated shared facilities ( e.g. visitor parking) in the development. Affordable housing tenants will not be charged any additional fees including parking fees, strata fees, amenity fees and move-in/move- out fees. In order to ensure that the owner is managing the affordable housing units according to the te1ms outlined in the Housing Agreement, the agreement permits the City to conduct a statutory declaration process no more than once a year. Should the owner choose to sell the affordable housing units, the Housing Agreement requires that all 16 units be sold to a single owner.

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