Zoe Demarco is a Staff Writer at STOREYS and was formerly the Urbanized Editor at Daily Hive. Born and raised in Toronto, she has a passion for the city's ever-changing urban landscape.
The City of Hamilton will receive over $93M from the federal government's Housing Accelerator Fund to fast-track the building of 2,600 homes.The federal government has reached a third agreement under the Housing Accelerator Fund, and it's the largest to date.that an agreement had been made to provide Hamilton with $93.
"Through innovation and partnerships with local governments, we can build the homes we need in our cities and towns, creating affordable, inclusive, and diverse communities. We will continue to work to make life more affordable and create stronger, more prosperous communities from coast to coast to coast."
As Vaughan did, the City of Hamilton has agreed to expand as-of-right zoning, including amending a zoning by-law to allow for the construction of four residential units on one lot. Other initiatives outlined in Hamilton's agreement include an acceleration program for accessory dwelling units and multiplex conversions, and planning reviews and studies for rapid transit corridors beyond the LRT.
While home-buyer hopefuls won’t be forced into bidding wars or to waive home inspections, they will face prices that are still very high, as well as remarkably challenging borrowing conditions.Before approving Mississauga's application to the HAF, Housing Minister Sean Fraser needs to ensure the city "is doing everything in its power to address Canada’s housing crisis.
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