The City’s policy encourages new affordable housing through rental or homeownership units in large strata developments seeking additional density.
The policy also seeks cash contributions to the Victoria Housing Reserve Fund from small and moderately sized projects seeking additional density.
To preserve and enhance the liveability of neighbourhoods, a portion of cash contributions are also targeted for local amenity reserve funds for community use.
The City’s Inclusionary Housing and Community Amenity Policy is just one of several tools to address housing affordability under the City’s Housing Strategy.
Victoria's Inclusionary Housing Policy
In June 2019, Council adopted a new Inclusionary Housing and Community Amenity Policy:
The contractor provides a list of agencies for residential developers fulfilling the City of Victoria’s Inclusionary Housing and Community Amenity Policy.
Third-party contractors included in the list may be available to provide:
- Property management services for affordable rental units
- Administrative services for Affordable Home Ownership units
- Express interest in the lease or purchase of either affordable rental or home ownership units
Developers or property owners are solely responsible for contacting, assessing the qualifications of, and contracting the third-party contractors included in the list.