$113 Million Funds Announced To Fast-Track Housing Units In Mississauga

The Government of Canada and the City of Mississauga on Monday announced that they reached an agreement to fast-track over 3,000 housing units over the next three years. This work will help spur the construction of more than 35,200 homes over the next decade.

“Today’s announcement will help fast track over 3,000 homes in the next three years and over 35,200 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 in a statement.

The agreement, under the Housing Accelerator Fund (HAF) will provide nearly $113 million to eliminate barriers to building the housing we need, faster. Mississauga’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 initiatives will: 

• support programs for affordable housing 

• expand permissions to streamline the creation of missing middle housing in existing residential neighbourhoods 

• accelerate approval turnaround times, and 

• contribute to the comprehensive review of land in the city to unlock additional transformational density.

“The only way for us to overcome the housing crisis is by tackling it together. I am proud to see Mississauga and the federal government uniting to make a real difference within our community by ensuring that more affordable homes are built faster,” said in a statement Iqwinder Gaheer, Member of Parliament for Mississauga-Malton.

Bonnie Crombie, Mayor of Mississauga said “This direct funding will help cities like Mississauga who are on the front-lines of the housing crisis fast track the building of new homes. Given the severity and the complexity of this crisis, we need to be bold, work quickly and use every tool available to us.”

“This also means ensuring we are innovative and are building the right mix of housing, including the ‘missing middle’ in our neighbourhoods. We are grateful to the federal government for their confidence in our housing plan and their commitment to ensuring that everyone who wants to call Mississauga home can afford to do so,” she added.