New Westminster Record December 19 2019

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PRIME SEATS: These kids had a good view of Santa during Sunday’s parade through downtown New Westminster. See more photos on page 25.

PHOTO JENNIFER GAUTHIER

Council passes new inclusionary housing policy Theresa McManus tmcmanus@newwestrecord.ca

New Westminster is attempting to increase the supply of new housing units to meet the needs of low- and moderate-income residents. On Dec. 9, city council endorsed an inclusionary housing policy, which requires new strata residential and mixed-use residential development applications seeking rezoning to include below- or non-market rental hous-

ing units. “The inclusionary housing policy aims to increase the supply of new units to meet New Westminster’s rental housing needs for very low-income households (under $30,000 per year) and lowto moderate-income households ($30,000 to $75,000 per year),” said a report to council. “These new inclusionary units are intended to supplement the existing stock of affordable market and non-market rental units.” Mayor Jonathan Cote said he’s

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ing business in the City of New Westminster.” The policy includes three options for applicants to choose from, ranging from the delivery of 5% to 20% of units as nonmarket rental.The policy also includes a number of other provisions, including how much rent can be charged, unit size and unit mix, and incentives that may be available. The policy requires the nonmarket units to be owned and/or managed by either a non-profit

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looking forward to seeing the policy incorporated into new development applications. “We have all recognized affordable housing as one of the biggest challenges and priorities we want to address. I think this policy work is a big component of that piece of the puzzle,” he said. “I also think once we get it in place, there is going to be opportunities to evaluate. Once you have it in place, it becomes a solid part of our development process, and it’s just part of the way of do-

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housing provider or BC Housing to ensure the units reach the intended tenants based on income. “I believe the inclusionary housing policy is a big step forward in addressing some of the city’s growing affordable housing needs,” Cote said in a press release. “The policy helps ensure that our affordable rental housing stock continues to grow and also, that it goes to those who need it most.” Continued on page 10

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