{"id":1900,"date":"2024-02-26T10:30:00","date_gmt":"2024-02-26T15:30:00","guid":{"rendered":"https:\/\/willbouma.ca\/?p=1900"},"modified":"2024-03-08T13:42:03","modified_gmt":"2024-03-08T18:42:03","slug":"ontario-rewards-brantford-with-over-3-million-for-exceeding-2023-housing-targets","status":"publish","type":"post","link":"https:\/\/willbouma.ca\/ontario-rewards-brantford-with-over-3-million-for-exceeding-2023-housing-targets\/","title":{"rendered":"Ontario Rewards Brantford with over $3 million for Exceeding 2023 Housing Targets"},"content":{"rendered":"\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t

Funding can be used to invest in infrastructure to support building more homes<\/em><\/strong><\/p>

NEWS February 26, 2024<\/p>

BRANTFORD<\/strong> \u2014 Today, Rob Flack, Associate Minister of Housing, announced Ontario is providing the City of Brantford with $3,066,849 in funding through the Building Faster Fund after the city exceeded its 2023 housing target. Brantford broke ground on a total of 788 new housing units last year, unlocking an additional $400,182 by exceeding their 2023 target by 8 per cent.<\/p>

\u201cOur government is making historic investments in infrastructure to give municipalities the tools they need to ensure that every resident has an affordable place to call home,\u201d said Rob Flack, Associate Minister of Housing. \u201cThe City of Brantford and all other municipalities that have met or exceeded their housing targets should be proud of the work they have done to get shovels in the ground faster.\u201d<\/p>

Announced in August 2023<\/a>, the Building Faster Fund is a three-year, $1.2 billion program that is designed to encourage municipalities to address the housing supply crisis. The fund rewards municipalities that make significant progress against their targets by providing funding for housing-enabling and community-enabling infrastructure. Funding is provided to municipalities that have reached at least 80 per cent of their provincially assigned housing target for the year with increased funding for municipalities that exceed their target.<\/p>

\u201cBrantford continues to grow at an unprecedented rate and we\u2019re grateful to all those who contribute to the development and investment in our community. We appreciate the Provincial Building Faster Funding, which will allow our city to sustain its expansion and our community to continue to grow, while also remaining a welcoming community, that is a truly incredible place to live, work and play, and learn.\u201d<\/p>

\u2014 Kevin Davis, Mayor of the City of Brantford<\/p>

In the coming weeks, the province will announce Building Faster Fund rewards for all municipalities that met, exceeded or achieved 80 per cent of their assigned housing targets in 2023. Any unspent funding will be made available for housing-enabling infrastructure to all municipalities, including those that have already received funding as a result of reaching their targets, through an application process<\/a>. In addition, ten per cent \u2013 or $120 million \u2013 of the Building Faster Fund is being set aside for small, rural and northern municipalities to help build housing-enabling infrastructure and prioritize projects that speed up the increase of housing supply.<\/p>

\u201cI am thankful every single day for the incredible working relationship that we have with the City of Brantford. With the support of these provincial funds, our community will sustain its expansion while creating new job opportunities and business growth. The City of Brantford is ideally located near the United States border and the GTHA markets and with the help of the City of Brantford, Council and residents, we will continue to be the best place to live, work, raise a family and grow in Ontario.\u201d<\/p>

\u2014 Will Bouma, MPP for Brantford-Brant<\/p>

QUICK FACTS
<\/strong><\/p>