Federal and Ontario Governments Reach $357-Million Housing Agreement
To ensure continued federal support, Ontario must submit a housing strategy action plan for 2025-2028 by December 31, 2024.
The federal government and the Ontario government have successfully negotiated a $357-million agreement as part of the National Housing Strategy, ending a period of public disagreement over housing policy. The two governments had been at odds over the types of housing needed, with Ontario Premier Doug Ford firmly opposing a province-wide fourplex policy.
Federal Housing Minister Sean Fraser and Ontario Housing Minister Paul Calandra jointly announced the agreement, stating, “We are pleased to share that an agreement has been reached on a revised action plan from Ontario that will unlock $357 million of federal funding under the National Housing Strategy (NHS).”
The revised plan aligns more closely with Ontario’s unique approach to housing funding, which channels money through municipal service managers. “Ontario’s new measures better reflect Ontario’s funding delivery model, as the only jurisdiction which flows the funds through municipal service managers,” the statement detailed.
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