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Ontario Investing Over $1.8 Billion to Build More Homes

March 22, 2024

New housing-enabling infrastructure funding will help municipalities get shovels in the ground

NORTH BAY – Vic Fedeli, MPP for Nipissing is pleased to announce that the Ontario government is investing more than $1.8 billion in housing-enabling infrastructure funding to help build at least 1.5 million homes by 2031.

“By increasing investments in housing-enabling infrastructure programs, our government is giving municipalities the tools they need to build more homes faster and tackle the affordability crisis that is pricing too many people, especially young families and newcomers, out of the dream of homeownership,” said MPP Vic Fedeli.

This funding includes $1 billion for the new Municipal Housing Infrastructure Program and $625 million more for the Housing-Enabling Water Systems Fund, bringing its total funding to $825 million. This new funding complements existing and ongoing provincial investments in housing- and community-enabling infrastructure, including the $1.2 billion Building Faster Fund, the original $200 million investment in Housing-Enabling Water Systems Fund and the investment of nearly $2 billion for the Ontario Community Infrastructure Fund since 2021–22.

In partnership with municipalities, Ontario will continue working hard to unlock housing

opportunities and support growing communities. The province continues to call on the federal government to pay its fair share and help fund housing-enabling infrastructure investments, and support vibrant, growing communities.  

Quick Facts

  • As announced in Ontario’s 2023 Fall Economic Statement, the government is introducing additional measures to help build critical infrastructure faster and smarter. This includes the Ontario Infrastructure Bank, and the building of more rental homes by taking steps to remove the full eight per cent provincial portion of the Harmonized Sales Tax (HST).
  • The three-year Building Faster Fund, announced in August 2023, supports municipalities in achieving their housing targets, including housing‐ 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.

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