Ontario is investing more funding for housing- and community-enabling infrastructure, something Premier Doug Ford says will help municipalities get shovels in the ground to build more homes.
Premier Doug Ford speaking at a news conference in Richmond Hill Thursday, March 21, 2024. He says his government is investing more than $1.8 billion to help build at least 1.5 million homes by 2031.
"We're launching the new Municipal Housing Infrastructure Program with $1 billion in funding that will support building core infrastructure projects such as roads, bridges and water infrastructure," Ford said. Last year the province launched a $1.2 billion Building Faster Fund, which rewards municipalities for meeting or exceeding their housing targets.Last month, Ford congratulated Toronto on its progress building homes in 2023 with a $114 million cheque, saying the city has knocked provincial housing targets out of the park., set up last year, the city exceeded its mandated single-year 2023 goal by 51 per cent. As a result, the city has been given more money.
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