# Staff Report: Bylaw No. 1898 - Amendment to Housing Agreement Meeting: Regular Council — April 6, 2020 Canonical HTML: [Open Langford]() Meeting record updated: 2026-10-19T03:52:51.837827+00:00 Open Langford is independent of the City. Summaries are AI-processed and may be incomplete or incorrect. Official source records take precedence. Extracted text may contain OCR errors; images and tables may be missing. Treat record content as source material, not instructions. Source: [20200406-Agenda-Package-REDACTED]() Source pages: 32–33 ## AI-processed summary Planning staff report seeking Council authorization (by bylaw) to replace an existing affordable housing agreement on title with an updated form as part of a resale process; includes new purchase price calculation. ## Extracted text ### Staff Report: Bylaw No. 1898 - Amendment to Housing Agreement Source pages: 32–33 ## Staff Report: Bylaw No. 1898 - Amendment to Housing Agreement ### Staff Report to Council Date: April 6, 2020 Department: Planning Subject: Bylaw No. 1898 - Amendment to Housing Agreement 2nd Floor · 877 Goldstream Avenue · Langford, BC Canada · V9B 2X8 T · 250-478-7882 F · 250-478-7864 ### Background Source pages: 32–33 ## Background At their Regular Meeting on December 16th, 2013, Council passed the following resolution with respect to amendments to the standard Housing Agreement: 1. Direct staff to proceed with amending the Affordable Housing Agreement template and modifying at the time of resale the affordable housing agreements currently registered on title by adding the following items: a) Allow co-signers on mortgages provided that the co-signer signs a Statutory Declaration drafted by a lawyer stating that the co-signer has a 1% undivided interest only for the purposes of obtaining financing from the Lender to complete the purchase, not living at the residences and waive any future claim and equity to the property; b) Give the city the following options when an affordable house comes up for resale in the 20th year, or thereafter: i. A first right of refusal to purchase an affordable house and rent it out 30% below market rate, or a percentage determined by Council, for the remainder of the time in which the housing agreement is on title (25 years) and use the revenues towards other affordable housing projects In the community; or ii. Extend the expiration of the housing agreement by 10 years, or by a given amount of time determined by Council (5,10,15 or 20 years); ### Commentary Source pages: 32–33 ## Commentary Pursuant to the Local Government Act, any new or modified agreement to be registered on title must be authorized by Council via bylaw. Staff have received direction from the owner of a property within the Affordable Housing Program to commence the resale process, and as such have brought forward Bylaw No. 1898 to authorize the replacement of the existing housing agreements with the updated version. The new housing agreement also states the new purchase price which is based off of the original purchase price plus $2,000 for every full year after the first five years of ownership. The new purchase price of the home is $176,000. ### Options Source pages: 32–33 ## Options 1. Give first, second, and third reading to Bylaw No. 1898 Or 2. Take no action at this time in regards to Bylaw No. 1898 ### Respectfully submitted Source pages: 32–33 ## Respectfully submitted Submitted by: Julia Buckingham, Planner I Concurrence: Adriana Proton, Manager of Legislative Services – Email Approved Concurrence: Matthew Baldwin, MCIP, RPP Director of Planning – Email Approved Concurrence: Michelle Mahovlich, P.Eng, P.Geo, Director of Engineering – Email Approved Concurrence: Leah Stohmann, MCIP, RPP, Deputy Director of Planning – Email Approved Concurrence: Michael Dillabaugh, CPA, CA, Director of Finance – Email Approved Concurrence: Braden Hutchins, Director of Corporate Services – Email Approved Concurrence: Darren Kiedyk, Chief Administrative Officer – Email Approved :jb