Housing Affordability Strategy Implementation

What We’re Doing - Housing Affordability Strategy Implementation

Short-term, high-priority actions from the Housing Affordability Strategy:

  1. Consider concentrating higher densities and a broader variety of dwelling types and tenures near transit, through the completion of the Burquitlam-Lougheed Neighbourhood Plan
  2. Encourage the development of designated market rental units (purpose-built and/or strata available for rental) through a suite of incentives as identified in the HAS
  3. Review Zoning Bylaw density, parking, amenity space and other requirements to encourage the development of purpose-built rental housing
  4. Consider permitting additional rental floor space above standard density allowances to encourage purpose-built rental subject to servicing, traffic, parking and urban design considerations
  5. Employ a series of regulatory incentives to preserve existing rental and co-op housing
  6. Contribute a portion of density bonusing into the AHRF based on the City’s Zoning Bylaw for the purpose of fostering housing affordability in accordance with the AHRF guideline
  7. Complete the sale of three City-owned sites in the Northeast previously identified for affordable housing, and direct one-third of the proceeds to immediately "jumpstart" the AHRF
  8. A call for submissions and promotion of the availability and use of the AHRF
  9. Call for partners to work with Coquitlam in addressing affordability and accessibility
  10. A Request for Proposals for an affordable housing project at 1358 Coast Meridian Road

Key Reports to Council

Projects Recently Approved by Council using HAS Incentives

  • Approved by Council July 27, 2020: LOMA: A mixed-use development with 122 market condo, 52 market rental, and 6 below-market rental units at 901 Lougheed Highway. Developer: M.L. Emporio Properties (PROJ18-115).
  • Approved by Council June 22, 2020: Smith & Farrow: a 46-storey residential tower consisting of 348 market condo units and a 20-storey residential tower with 134 rental units inclusive of 21 non-market rental units, along with an AHRF contribution of $798,000 to assist in the development of the 21 non-market rental units. Located at 705 and 707 North Road, and 720 Farrow Street. Developer: Boffo Properties (PROJ 18-103).

Projects Recently Approved by Council using provincial and/or federal incentives

  • Approved by Council July 27, 2020: Two 6-storey apartment buildings over a shared parkade at 600,602,606,608,610,612 and 618 Shaw Avenue. All of the 197 units will be rented at 10% below market rates for a minimum 11-year period, in line with CMHC's Rental Construction Financing initiative (REFi). Shaw Ave. Developments Ltd. (PROJ 18-087).