Quote:
Originally Posted by Changing City
What you've linked to shows that in a very limited part of the city, while new plans are being prepared, in order to limit speculation the City have identified Development Contribution Expectations that apply. They haven't removed existing zoning, but they can add temporary policy for rezonings. The 'Prioritize affordable rental housing. Do not consider additional development rights for market strata residential. DCE for rental projects seeking additional density: maximize below market rental housing' only applies temporarily in RM/ FM Zoning Districts and the Mt. Pleasant IC-3 Focus Area.
In the rest of the city - which is most of the city - where the zoning allows it the existing Rental 100 policies (and other programs) apply, including offering DCL and CAC waivers provided the rental levels proposed for initial leases meet the City's guidelines. GenWhy? understands it in greater detail, because they develop those projects, and continue to do so.
Just go to the City's Rezoning Page and see how many projects are proposing rental buildings under the Rental 100 Program, or the Affordable Housing Choices Interim Rezoning Policy (like the recently proposed 6 storey building replacing houses on Fraser Street). |
I admit that there are areas where this does not apply, but those are older policies while this is the newest one where the DCE for rentals is the same as market strata which is a huge shift in city policy. This is an indicator that newer plans may also do the same. Plus this applies to most of the Broadway corridor which is a huge area in need of rentals, especially given the upcoming skytrain.
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