District of Summerland Council Meeting Minutes Feb 2024
Summerland Council backs Turning Points Society affordable housing support
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Description
The District of Summerland Council approved up to $547,000 in fee waivers and staff collaboration for Turning Points Collaborative Society's Affordable Housing Project, contingent on a restrictive covenant ensuring its affordable housing use. The approval is tied to a successful agreement and is intended to facilitate project development. This support also aligns with a long-term operating arrangement with BC Housing.
Contract Details
Contract Amount
Up to $547,000 (maximum) in waived permits and fees, development cost charges, and variance charges
Vendor
TURNING POINTS COLLABORATIVE SOCIETY
Agency
District of Summerland, Canada
Contract Type
OTHER
Document Date
February 27, 2024
Contract Term
Duration of affordable housing project; subject to 60-year operating agreement with BC Housing
Renewal Info
Subject to 60-year BC Housing operating agreement and section 219 restrictive covenant; further amendments or renewals would be negotiated as needed.
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