Official Community Plan

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Objective 2 No net loss of rental housing

Policies

AH 9

Do not permit the conversion of existing occupied multi-residential rental buildings to strata ownership until, and only when, the vacancy rate as report by CMHC exceeds 3% for a period of at least 12 months.

AH 10

Implement Residential Rental Tenure Zoning to protect existing and proposed rental housing stock.

AH 11

When properties with existing purpose-built rental, co-op, and mobile home units are redeveloped or renovated, require development applicants to propose a strategy to accommodate displaced tenants, guided by options identified in the Courtenay Affordable Housing Strategy Options Study. Ensure short-term rental accommodation limits impact on the long-term rental housing supply. Explore options such as requiring owner occupation of short-term rental accommodations and business licenses.

AH 12

Objective 3 New non-market housing is actively pursued and supported Objective 4 The City provides incentives to create below-market housing

Policies

AH 13

Identify undeveloped and underdeveloped municipal sites for future affordable housing projects with emphasis on providing a mix of tenures including supportive housing. Remain aware of local equity-priority and demographic needs for housing over time and focus support and incentives, including housing agreements, on residents who need it most including, but not limited to, seniors, Indigenous residents, low to moderate income earners, and those at risk of homelessness. Use the weighted housing wheelhouse 'Intervention Priority by Tenure' information within the Courtenay Affordable Housing Strategy Options Study to inform the level of City effort and support for different tenure priorities. Update the weighted housing wheelhouse as new housing information comes available to define specific housing needs as they evolve over time. Develop and adopt a tiered below-market incentive program in which more incentives are offered to those projects in which more units are offered at deeper levels of below-market affordability. Incentives may include but not be limited to application processing timeline targets, parking, zoning, and servicing variances, and waiving or reducing fees and charges. Seek below-market rental units as priority amenities when negotiating Community Amenity Contributions in rezoning applications for multi-residential projects.

AH 14

AH 15

AH 16

AH 17

Develop a density bonus policy in the Zoning Bylaw to incentivize the creation of affordable housing .

City of Courtenay Official Community Plan