The Keys | Exciting Changes Coming to Housing in Comox
Exciting Changes Coming to Housing in Comox: Opportunities and Updates for Homeowners and Developers
At today’s meeting, a range of important topics were discussed that could significantly impact housing in Comox. Here are the highlights:
$3,000 Grants for Suite Creation or Legalization
Homeowners have a unique opportunity to access one of 25 grants worth $3,000 each to create new suites or convert non-conforming suites into legal ones. With a total of $75,000 available, this grant program is expected to be highly competitive. Once the funding is exhausted, the program will no longer be offered—so if you're interested, act fast!
Small Scale Multi-Family Housing (SSMFH) Legislation
The new SSMFH legislation impacts over 4,000 lots in Comox, applying to residential parcels limited to single-detached homes or duplexes. With approximately 6,800 household units currently in Comox, the municipality has been tasked with creating an additional 3,300 units. This mandate is expected to drive significant changes, including streamlining development processes to enable faster approval for multi-family housing projects.
Key Updates Coming January 14th, 2025
The Town of Comox will release updates to its subdivision and development bylaws on January 14th, 2025, providing a clearer roadmap for future development. Feedback from developers and stakeholders is being actively encouraged, with the final adoption expected by the end of the month.
This is your chance to weigh in on these changes before they become official! Whether you’re a homeowner looking to expand or a developer preparing for a project, now is the time to get involved.
Learn More About Small Scale Multi-Family Housing
Want to dive deeper into how these changes might affect your property or projects? Visit the Town of Comox’s official page on Small Scale Multi-Family Housing for comprehensive details, guidelines, and updates.
This resource is a must-read for anyone interested in understanding the opportunities and requirements of the SSMFH legislation. Whether you're planning to take advantage of grants, considering a new build, or simply staying informed, the page offers valuable insights and tools to help you navigate this evolving landscape.
What This Means for Comox
Change is on the horizon for Comox as the town adapts to meet its ambitious housing goals. With incentives for homeowners and a streamlined approach for developers, the local real estate landscape is set to evolve. These changes not only create opportunities but also ensure the town can accommodate its growing population while maintaining a balanced and vibrant community.
Stay informed and take advantage of these opportunities before they pass. For more information or assistance with navigating these changes, contact our team today—we’re here to help!