Whistler's mayor and council signed off on a housing agreement for Cheakamus Crossing Phase 2’s Lot 5 development on Jan. 23, which is working its way through the bureaucracy.
The housing agreement allows the RMOW to “establish occupancy and eligibility restrictions, initial maximum rental rates, sale price and sale restrictions, and administration and management restrictions of the dwelling units that reflect current municipal employee housing standards,” according to a staff report.
Lot 5, otherwise known as 1475 Mount Fee Road, will be made up of two new four-storey, employee-restricted rental apartment buildings made up of 104 units.
It is being developed by the Whistler 2020 Development Corp, and will be managed by the Whistler Housing Authority.
While actual rental amounts will be calculated by tenant income (at 30 per cent of overall tenant income), the maximums as set out in the agreement are: $2,009.09 per month for a studio, $2,437.24 per month for a one-bedroom, $3,400 per month for a two-bedroom, and $4,093.00 for a three-bedroom.
All units will be filled by applicants on the WHA waitlist. Monthly rent is inclusive of utilities, apart from electricity. The housing agreement sets a maximum rate of $100 per month to rent a parking stall.
