Supporting Non-Profit Ownership of Non-Market Housing in Air Space Parcels

Whereas municipalities have been asked by the Province to support the development of new non-market housing developments; And whereas municipalities have adopted policies to encourage the inclusion of non-market housing owned and operated by a non-profit organization as part of market housing developments; And whereas non-profit organizations are being denied mortgage financing to acquire non-market dwelling units due to lack of title or lease while the building is under construction: Therefore be it resolved that UBCM request the provincial government to amend the Land Title Act to enable lot line adjustments for air space parcels, to allow non-profit organizations to obtain title and financing on a provisional air space parcel which may then be further subdivided prior to occupancy to align with the buildings elevations as constructed.