Purpose-Built Rental Housing definition
Purpose-Built Rental Housing means dwelling units that are intended to be used for rental housing and meet an identified need for housing in the District. Purpose-Built Rental Housing does not include buildings that are stratified, except those stratified buildings that are subject to operating agreements with the Provincial Rental Housing Corporation.
Purpose-Built Rental Housing means a residential use building or structure that consists of four (4) or more dwelling units that will remain as rental housing for a period of at least 20 years from the date of issuance of a building permit.
Purpose-Built Rental Housing means a development with five (5) or more Dwelling Units that are intended for rental housing and does not include stratified buildings, except those that are subject to operating agreements with the Provincial Rental Housing Corporation;
More Definitions of Purpose-Built Rental Housing
Purpose-Built Rental Housing means a development that meets the conditions set out in subsection 18.4;
Purpose-Built Rental Housing means a building containing five or more dwelling units that is designed and used exclusively for residential purposes and that is built after the adoption of a zoning bylaw that limits the form of tenure of the dwelling units in the building to residential rental tenure or after the date on which notice of a housing agreement between the Owner and the City limiting the form of tenure of the dwelling units in the building to residential rental tenure is filed in the land title office.
Purpose-Built Rental Housing means a self-contained building(s) containing five or more Dwelling Units that are intended to be used for rental housing and does not include buildings that are stratified. Purpose-built rental housing meets an identified need for affordable housing in the city. Since rent is controlled within rental buildings under the Residential Tenancy Act, this is a form of affordable housing;”
Purpose-Built Rental Housing means a self-contained building(s) containing five or more Dwelling Units that are intended to be used for rental housing. Purpose-built rental housing meets an identified need for housing in the City and does not include buildings that are stratified. Bylaw No. 9561 – Revitalization Tax Exemption Program Bylaw
Purpose-Built Rental Housing means a Dwelling Unit that is intended to be used for rental housing; and