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Province investing over $1.8 billion to build homes

March 28, 2024   ·   0 Comments

By Brian Lockhart

The Ontario government is investing more than $1.8 billion in house-enabling infrastructure funding aimed at building at least 1.5 million homes by 2031.

The announcement came through the office of Brian Saunderson, MPP for Simcoe-Grey on March 22.

Included in the funding is $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 original $200 million for Housing-Enabling Water Systems Fund, and the investment of nearly $2 billion for the Ontario Community Infrastructure Fund since 2021-22.

“Ontario families want housing. This Government is committed to working with our municipal partners to meet our housing target and get more homes built across the Province,” said MPP Saunderson. “These very significant investments are critical to ensuring our communities have the capacity to build the infrastructure necessary to support this much needed growth.”

The announcement said the 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 home ownership.

The statement goes on to say that 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 to help fund housing-enabling infrastructure investments and support vibrant, growing communities.

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