The target for housing units being proposed in Cypress Village is being revised as the phase 2 of Upper Lands planning gets underway.
Council had earlier agreed on full protection of Eagleridge Land in exchange for 3,500 housing units in Cypress Village.
The phase 2 is now proposing 3,700 units.
“The difference reflects the desire to accommodate some affordable purpose-built rental housing in the village,” notes a district report.
The rents in these units will be approximately 70 per cent of market rates.
“This rent target is intended to result in units that do not require ongoing financial subsidy but that are affordable to people working in jobs that are important to the West Vancouver community such as teachers, first responders, and health care workers,” says the district.
At full buildout, the population of Cypress Village is expected to be around 6,900 people, and it is expected to be built out over about 20 to 25 years.
There will be approximately 90% apartments, 4% to 5% will be townhomes, and 5% to 7% will be single-family homes.
According to a preliminary transportation analyses by the proponents, only about 1% of the total amount of traffic on the North Shore road system will be related to Cypress Village.