Why the other options are wrong:

• changes to mortgage rules for first-time buyers.: The report is about a housing project, not changes to mortgage rules.
• a temporary rent freeze across British Columbia.: There is no mention of a rent freeze across British Columbia.
• a luxury condominium project near downtown Kelowna.: The project is a non-profit co-operative, not a luxury condominium.

Correct Answer: buy a share and pay a set monthly charge.

Why this is correct: The transcript says residents buy a one-time membership share and then pay a monthly housing charge set by the co-op. This is how the co-operative model works for its members.

Why the other options are wrong:

• sign a standard lease with a private landlord.: There is no private landlord involved - the building is run by a non-profit co-operative.
• receive a government subsidy for all rent.: The report does not say the government subsidises all rent.
• purchase their unit at full market price.: Residents buy a membership share, not a full unit at market price.

Correct Answer: help keep long-term housing costs affordable.

Why this is correct: Officials say leasing the land for 99 years helps keep long-term costs down. The long lease therefore helps support lower long-term housing costs.

Why the other options are wrong:

• generate immediate revenue from the sale.: The city is leasing the land, not selling it, so there is no immediate revenue from a sale.
• avoid environmental review requirements.: Avoiding environmental review is not mentioned as a reason.
• attract private developers to the area.: The goal is affordable housing through a co-op, not attracting private developers.

Correct Answer: offers stability but is not a complete solution.

Why this is correct: Councillor Chen said the model gives residents more stability and a real voice in how their building is managed. She also said it will not solve the housing shortage on its own, but it is an important tool. So she sees both benefits and limits.

Why the other options are wrong:

• was opposed by most residents at consultation meetings.: Over 300 responses came from public consultation, but the report does not say most opposed it.
• will quickly eliminate the housing shortage.: She specifically said it will not solve the housing shortage on its own, so it will not quickly eliminate it.
• should replace all private rental housing.: She did not suggest replacing all private rental housing with co-operatives.

Correct Answer: is likely to consider more co-operative housing projects.

Why this is correct: The report says city staff are already reviewing two additional sites for future co-operative housing developments. This shows the city is likely to build more co-operative projects in the future.

Why the other options are wrong:

• expects market rents to fall sharply next year.: The report does not say market rents will fall sharply.
• plans to sell all remaining public land to developers.: The city is keeping public land for co-ops, not selling it all to developers.
• will delay future housing decisions until after 2027.: Staff are already looking at new sites now, so they are not delaying until after 2027.