City of New Westminster - Inclusionary Housing Policy: Update
At their September 8th Council Workshop meeting, Council reviewed the proposed Inclusionary Housing Policy and amended staff’s recommendation. Instead of the proposed 10% inclusionary units in buildings of 8-storeys or less and 5% in buildings over 8-storeys, Council approved a requirement of 10% for both wood-frame and concrete projects.Â
Council then adopted the amended Inclusionary Housing Policy, with the policy to take effect upon adoption of the Development Cost Charges Bylaw, or on December 1, 2025, whichever comes first. Â
The policy provides exemption for townhouses, applications in Queensborough, secured market rental housing and affordable housing applications.Â
Please see below the additional requirements relating to the policy:Â
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Additional information can be found in the  full report by City staff,  Financial Analysis Summary,  Pro-Forma Analysis,  Consultation Summary,  Inclusionary Housing Policy Key Financial Parameters and  Inclusionary Housing Policy.Â