Vancouver’s Moderate Income Rental Housing Pilot Program (MIRHP) – basic info for reference

We provide this here just for reference. A record of the City web page as of 26-Nov-2018.

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https://vancouver.ca/people-programs/creating-new-market-rental-housing.aspx

The Moderate Income Rental Housing Pilot Program encourages development proposals for new buildings where:

  • 100% of the residential floor area is secured rental housing
  • At least 20% of the residential floor area is made available to moderate income households earning $30,000 to $80,000 per year

 

How the program works
The pilot program will select up to 20 proposals for submission of rezoning applications between January 1, 2018 and July 1, 2019. All applications will proceed through a full rezoning process, including public hearing.

Eligible City incentives for Moderate Income Rental Housing projects include:

  • Additional height and density beyond what is available under existing zoning
  • Development Cost Levy (DCL) waiver
  • Parking requirement reductions
  • Relaxation of minimum unit size and configuration requirements
  • Expedited processing

How the program creates affordable rentals
The incentives for this program are designed to encourage delivery of rental buildings where at least 20% of the residential floor area is made available to moderate income households.

Targeted rents in Moderate Income Rental units
Housing unit Monthly rent
Studio $950
1 bedroom $1,200
2 bedroom $1,600
3 bedroom $2,000
Each project owner or their designated property manager will administer the moderate income rental units, including tenant qualification and waitlisting.

Rent increases in the moderate income units will be capped according to the BC Residential Tenancy Act annual allowable increase, regardless of unit turnover.

Tenant eligibility for moderate income rental units will be verified by the building’s management at initial occupancy and on an ongoing basis.

  • For new tenants, household income cannot exceed 4 times the annual rent for the unit (at least 25% of income is spent on rent).
  • For existing tenants, household income cannot exceed 5 times the annual rent for the unit (at least 20% of income is spent on rent).
  • If an existing tenant no longer qualifies for their moderate income rental unit, the operator will issue a six-month notice to end tenancy, in accordance with the BC Residential Tenancy Act.

Learn more about the program [download from this page]

  • Moderate Income Rental Housing Pilot Program bulletin PDF (300 KB)
  • Housing Vancouver Council report PDF (6.6 MB)
  • Family Room policy requirements for family units in secured market rental housing rezoning projects PDF (290 KB)
  • Rental Incentives Guidelines PDF (653 KB)
  • Moderate Income Rental Housing Pilot Program FAQs (114 KB)

Apply to create rental housing through the program
Note The program is currently full [web page as of 26-Nov-2017] and we are not accepting additional pre-enquiry applications until further notice.

We accepted preliminary pre-enquiry applications for review from January 1 to February 16, 2018.

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