We are near the end of the year, meaning budget season for Langley City is starting. New for the 2025 budget development process, Council will hold a series of open workshops as we refine the 2025 budget, preparing it for community feedback, official consideration, and adoption early next year. Anyone can observe these budget workshops. The first workshop is on Monday, November 25th. For more information on the 2025 budget process and workshops, please visit the 2025 Financial Plan section of Langley City’s website.
Council also officially adopted our 2025 regular council meeting schedule. You can find out upcoming Council meeting dates on Langley City’s website. Everyone is free to observe these Council meetings.
One of our regional district’s goals is to ensure that 15% of new housing units in urban centres and transit corridors are affordable rentals by 2050. This goal is embedded into the Regional Growth Strategy that all municipalities in Metro Vancouver are subject to. Langley City has always been subject to this goal. The regional district is proposing to update the areas where the 15% target would apply and the definition of affordable rentals.
The following map shows the proposed areas where the target would apply.
Urban Centres, Frequent Transit Development Areas, and Major Transit Growth Corridors Subject to 15% Affordable Housing Target. Select the map to enlarge. Source: Metro Vancouver |
The definition of affordable housing is proposed to be:
“Housing that is affordable to households earning up to 120% of the Regional Median Household Income. In Canada, a general measure of housing affordability is the shelter-cost-to-income ratio, where no more than 30% of a household’s gross income is spent on housing (including all housing-related costs like utilities).”
The regional district sent a letter to Langley City asking for our feedback. Langley City Council asked City staff to provide feedback to the regional district.
No comments:
Post a Comment