Milton receives $22 million from feds to help fast-track housing construction
Published January 23, 2024 at 10:51 am
The Town of Milton has received $22 million to help fast track more than 800 housing units over the next three years.
The money comes from the federal government’s Housing Accelerator Fund, which is aimed at eliminating barriers to building more homes.
“The Town of Milton is thankful for the investment of more than $22 million as part of the Government of Canada’s commitment to expedite building homes in our community,” said Mayor Gord Krantz.
“As one of Ontario’s most rapidly expanding areas, Milton remains dedicated to cultivating a diverse housing landscape, and we are optimally positioned to contribute to achieving our provincial goal of adding 21,000 new housing units by 2031.”
Milton’s Action Plan commits to eight local initiatives that enable a variety of housing forms and densities to meet the diverse needs of the community.
The funding will support the following actions:
- developing affordable homes
- permitting four units on same lot as-of-right town-wide to increase housing density
- increasing housing density town-wide and close to major transit areas
- increasing the supply of rental homes
- enhancing the permit approval timelines
- delegating decision-making for minor zoning variances to town staff
“By building more affordable homes more quickly, our government is unlocking new opportunities for growth in Milton,” said Milton MP Adam van Koeverden. “Working together, we can equip our communities with new tools to support them to reach their potential and turn possibilities into realities.”
HAF is helping cut red tape and fast track at least 100,000 new homes over the first three years, which cities and regions estimate will lead to the creation of over 450,000 new homes for people in towns, cities, and Indigenous communities across Canada over the next decade.
“This funding will help fast-track more than 800 homes in the next three years and almost 4,700 homes over the next decade. By working with cities, mayors, and all levels of government, we are helping to get more homes built for Canadians at prices they can afford,” said Sean Fraser, Minister of Housing, Infrastructure and Communities.inhalton's Editorial Standards and Policies advertising