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Council allows six-year deferral of multifamily fee-in-lieu payment with 10% add-on and lien
5498098 · July 14, 2025
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Summary
Council approved an amendment to allow developers using the multifamily tax exemption to defer market-rate affordable-housing fee-in-lieu payments until year six of the exemption, with a 10% add-on and a lien recorded to secure payment; applicants must be permitted to start within one year.
The council on July 14 adopted an amendment to Vancouver’s multifamily tax exemption program allowing qualifying projects that select the market-rate affordable-housing fee option to defer payment until the sixth year of the exemption period. Sam (staff) and Samantha Whitley…
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