At the Strategic Priorities Standing Committee on February 24, Council received a report for information on a Proposed Approach for Medium-Density Zones and Rental Incentives, aiming to encourage the development of 100% Purpose-Built Rental (PBR) in line with Provincial legislation. The report proposes replacing the existing Density Bonus model with new medium-density zones and introducing Residential Rental Tenure Zoning (RTZ). RTZ would require 100% rental tenure above density thresholds, with rental developments proceeding at higher densities than strata. 

The new Medium-Density Zones are as follows:

• RA-1: Medium-Density Residential (Outside TOAs):
  • Replace RM-3 in applicable areas;
  • Permit densities similar to existing RM-3;
  • Require 100% rental where density exceeds 1.85 FAR or 2.4 FAR in Schedule O and T shoulder areas;
• RA-2: Transit-Oriented Medium-Density Residential (Inside TOAs):
  • Permit provincially required minimum densities:
    • Tier 2: up to 4.0 FAR;
    • Tier 3: up to 3.0 FAR;
  • Require 100 percent rental where density exceeds 2.4 FAR;
  • Adjust siting regulations to ensure compliance with provincial legislation;
• MU-1: Medium-Density Mixed-Use (Neighbourhood Centres):
  • Replace C-5 in medium-density neighbourhood centres;
  • Set base density at 3.0 FAR;
  • Require 100 percent rental where density exceeds 2.5 FAR; and
  • Maintain a 0.25 FAR commercial requirement.

The report proposes to align common amenity area requirements with OCP policy, modify lot coverage/setbacks to support provincial density requirements, and increase lot coverage allowances for 100% rental projects in some zones. Further discussion on this will occur at the UDI Coquitlam Liaison Committee meeting.

More information can be found in the full report by City staff.