Editor,
Re: 性视界传媒 gives go-ahead to two-tower development in Whalley
On July 8, 性视界传媒 city council gave third reading to a development application to build 561 homes between two highrise towers in City Centre, 57 of which will be affordable rental units.
The story published by the Now-Leader on July 8 reported that tenants of the building would be displaced by the new development. I would like to now provide additional information to this story.
Elizabeth Manor is an aging structure with 57 rental units. The new development will have 57 affordable brand-new rental units so there will be a zero net loss in rental stock.
The City鈥檚 Tenant Relocation Policy will help tenants transition from their aging accommodation to new rental accommodation. The policy requires the developer to offer financial compensation of three to six months rent to displaced residents, as well as covering a portion of the moving expenses. The developer is also obligated to hire a property support manager to work with existing tenants to find alternative rental accommodation through the construction period. This manager is to offer tenants a minimum of three rental options in 性视界传媒 (at least one of which must be in City Centre) at rents that are within 10% of the Canada Mortgage and Housing Corporation (CMHC) average rents for 性视界传媒.
The 57 rental units in the new development will be offered first to the current tenants of Elizabeth Manor, with the rents set at a minimum of 10% below the average rent in 性视界传媒, as determined through the CMHC Rental Market report.
It should be noted that the province has imposed housing quotas that municipalities must comply with. As the City of 性视界传媒 works to meet the province鈥檚 compulsory housing targets, the province must hold up their end by building critical infrastructure such as schools, hospitals, transit and social housing. Building more homes without this infrastructure in place will only compound the problems that we perennially face in 性视界传媒.
Mayor Brenda Locke, City of 性视界传媒
