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Land Assembly, Housing and Land Banking Service Establishment
First seen: October 3, 2023
Last seen: October 17, 2023
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October 17, 2023Council
Full RecordingK. Lorette, General Manager, Planning and Protective Services, Capital Regional District, Re: CRD Bylaw No. 4551 - Land Assembly, Housing and Land Banking Service Establishment Bylaw No. 1, 2010, Amendment Bylaw No. 2, 2023
The CRD requested municipal consent to increase its borrowing power for future affordable housing investments. Council members raised concerns about tax exemptions and regional equity but reserved the formal consent decision for later in the agenda.
"K. Lorette outlined the CRD's successful history with housing partnerships (like RHFP) and proposed increasing the service's annual requisition cap by $5 million to support $85 million in future borrowing capacity for 'RHFP 2.0'. Discussion centered on the disproportionate tax burden on municipalities like View Royal due to tax exemptions for CRD/CRHC properties, and ensuring View Royal sees tangible benefits or project allocations to meet Provincial targets."
FormPETITION & DELEGATION REQUEST FORM - Kevin LorettePresenCapital Regional District Presentation: Future Housing Priorities & PartnershipsCorresCONSENT FOR BYLAW NO. 4551 – LAND ASSEMBLY, HOUSING AND LAND BANKING SERVICE ESTABLISHMENT BYLAW NO. 1, 2010, AMENDMENT BYLAW NO. 2, 2023BylawCAPITAL REGIONAL DISTRICT BYLAW NO. 4551Staff REPORT TO HOSPITALS AND HOUSING COMMITTEE - Future Housing Partnerships Alternative Approval Process and Bylaw AmendmentsAppendAPPENDIX A - CAPITAL REGIONAL DISTRICT BYLAW NO. 3712AppendAPPENDIX B - REPORT TO HOSPITALS AND HOUSING COMMITTEE - Capital Regional District Land Banking and Housing Land Acquisition FinancingAppendAPPENDIX C - CAPITAL REGIONAL DISTRICT BYLAW NO. 4551AppendAPPENDIX D - CAPITAL REGIONAL DISTRICT BYLAW NO. 4552AppendAPPENDIX E - Summary Homes for PeopleStaff REPORT TO CAPITAL REGIONAL DISTRICT BOARD - Consent on Behalf for Bylaw 4551 – Amendment to Increase Annual Requisition
October 3, 2023Council
Full RecordingLetter dated September 26, 2023 from K. Morley, Corporate Officer and General Manager, Capital Regional District, Re: Consent for Bylaw No. 4551 - Land Assembly, Housing and Land Banking Service Establishment Bylaw No. 1, 2010, Amendment Bylaw No. 2, 2023
"Debate focused heavily on the financial implications, specifically the increase in property tax requisition (up to $26 per average household) and the long-term impact of property tax exemptions for CRD-owned affordable housing projects, which Councillor Rogers argued shifts the burden of protective services and infrastructure costs onto View Royal taxpayers."
Formal MotionPassed
"THAT consideration of consent for Capital Regional District Bylaw No. 4551 "Land Assembly, Housing and Land Banking Service Establishment Bylaw No. 1, 2010, Amendment Bylaw No. 2, 2023" be tabled to the October 17, 2023 Council meeting."
Moved by: Alison MacKenzie
Seconded by: John Rogers
Sid Tobias
Don Brown
Damian Kowalewich
Alison MacKenzie
John Rogers