RITE Richmond will direct staff to report to council on options for the creation of a Renters / Landlords Advisory Committee.
Rational: Renters in Richmond are at risk of losing their homes due to Renovictions, apartment redevelopment due to the new 80% rule allowing for Strata’s to be dissolved and vacant homes owned by speculators. Landlords need support to ensure they can protect their properties from damage and ensure they will be able to collect rents that are due.
The committee could explore options to increase the rental pool in Richmond through creative options like the Housing Hub ( see attachment ) and details such as these regarding Purpose Built Rentals ( PBR ):
The committee could explore options to lobby the provincial government for changes to the Residential Tenancy Branch to encourage more rentals.