Province sends $8.4 million to Milton for meeting home-building targets

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Published March 8, 2024 at 1:51 pm

Ontario Premier Doug Ford and Milton Mayor Gord Krantz were joined by other politicians at a press conference that saw Milton receive $8.4 million from the province.

Ontario Premier Doug Ford was in Milton today, and he came bearing gifts.

The Conservative leader had a cheque for $8.4 million for the Town of Milton, funds provided through the Building Faster Fund, as the Town delivers on its pledge to build housing in complete communities.

The Building Faster Fund is a three-year, $1.2 billion program that encourages municipalities to deliver on housing targets. Funds flow to municipalities that reach at least 80 per cent of their provincially assigned housing target for the year.

“Milton not only reached its home building target, but the actually exceeded it by 27 per cent last year,” said Ford. “The Building Faster Fund money can be used to lay the infrastructure for more home building. We need other municipalities to follow Milton’s lead.”

The 2023 housing target for Milton was 1,540. In reality, there were 1,952 housing starts in Milton last year, including 1,404 houses, 356 conversions and 192 long-term care beds.

“Milton is one of Ontario’s most rapidly expanding areas, and we remain dedicated to increasing the housing supply as a key component of building a complete community,” said Milton Mayor Gord Krantz.

“We are pleased to exceed our annual housing target, and grateful to receive funding as part of the Building Faster Fund that will contribute towards the required housing and community growth infrastructure.”

The Town has pledged to facilitate construction of 21,000 housing units by 2031, to support the Province’s goal to build 1.5 million homes over the next 10 years.

According to the mayor, the pledge demonstrates Milton’s commitment to its growth strategy and to working in partnership with the development community.

As the Town builds complete communities for residents and continued business development, its growth strategy will focus on:

  • Preserving prime agricultural land and natural heritage areas
  • Making sure our future and planned neighbourhoods include compact community designs, with a variety of housing options
  • Creating walkable neighbourhoods with public transit hubs that are pedestrian and cyclist friendly
  • Meeting market demand for traditional and mixed-use employment land in the right places.
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