To support affordable housing in Courtenay, this bylaw allows the City to waive 100% of Development Cost Charges (DCCs) for non-profit affordable rental housing projects.
Key highlights:
- The waiver applies only to the portion of the development used for non-profit affordable rental housing.
- Housing must be secured by zoning and a legal agreement registered on title for the life of the building.
- If the units are ever converted to strata (i.e., for sale), the waived DCCs must be repaid at the current rate.
- This bylaw is in effect until June 1, 2027.
This bylaw helps make affordable housing projects more financially viable by reducing development costs for non-profit providers.
Category
Land use
Bylaw No.
No.3118,