Letter
City of Richmond Low End Market Rental Policy
UDI Lower Mainland submission to the City of Richmond.
On November 1st, UDI wrote correspondence to the City of Richmond recommending that Council support City staff’s recommendation on setting the inclusionary zoning requirement rate to 10% below the CMHC Average Rent. We believe that updating the inclusionary requirement rate to 10% below the CMHC Average Rent is necessary to enable the advancement of essential housing projects.
2024-11-01-UDI-Letter-City-of-Richmond-Low-End-Market-Rental-Policy.pdf / 275.95 KB
Published Nov 01, 2024
“[Example pull quote from the letter] The adage that ‘growth pays for growth’ is no longer sustainable and we must emphatically emphasize that DCC increases are challenging as the costs associated with development are skyrocketing and have an exponential impact on the viability of a project.”
Tagged:
- Below-Market Housing
- Rental
- Letter
- Jurisdiction City of Richmond
