A Heritage Revitalization Agreement (HRA) is a formal agreement between the City and a property owner, outlining the proposed redevelopment and the degree of protection and rehabilitation to be given to a heritage building. An HRA needs to be approved, with the consent of the owner, by Council.
The wording and terms of an HRA address the unique situation of a heritage property, and are customized to each project. An HRA can supersede government bylaws, addressing development factors such as density, use, parking, and setbacks.