CACs are a voluntary financial contribution made by an applicant to a municipality at the time of rezoning of a property to assist with offsetting the burden of the development on the community. CAC programs typically apply only to new residential density created as part of development. CAC revenue is then used to help fund new amenities in the community. Many Metro Vancouver municipalities have CAC programs, each of which varies in terms of some of the details of how it is applied.
Coquitlam’s CAC applies up to a maximum floor area (FAR) of 2.5 times the lot area. For higher density developments above an FAR of 2.5, which would typically be high-rise buildings, the City has an optional Density Bonus Program that developers can use that also includes a financial contribution to the City.