Canadian Prime Minister, Justin Trudeau, on Friday, has announced that the Federal Government has reached an agreement with the City of Brampton, Ontario, to fast track over 3,150 new housing units over the next three years.
Blinken disclosed this in a statement released from his office, adding that this work will help spur construction of more than 24,000 homes over the next decade and help meet the demand in Brampton.
According to the statement, “Right now, in communities across the country, building the housing we need, especially affordable housing, is too hard.
“That’s why the federal government is working with municipalities to break down barriers, build homes, faster so Canadians from young families, to seniors, to newcomers can find a place to call home, at a price they can afford”.
The Prime Minister stated under the Housing Accelerator Fund, this agreement will provide over $114 million to eliminate barriers to building the housing Canadian people need, fast.
“It will allow for high-density development near the city’s transit corridors, reduce barriers to the development of housing in key areas of the city such as urban centres, boulevards, and major public transit stations – and result in the creation of new incentive programs for affordable housing.
“Brampton has also committed to expanding the as-of-right zoning permission for housing, including permitting four residential units and four storeys within 800 metres of transit, which covers the vast majority of the city.
“These initiatives are going to significantly improve the way housing is built in one of Canada’s fastest growing municipalities. The Housing Accelerator Fund is helping cut red tape and fast track the construction of at least 100,000 new homes for people in towns, cities, and Indigenous communities across Canada.
“It asks for innovative action plans from local governments, and once approved, provides upfront funding to ensure the timely building of new homes, as well as additional funds upon delivering results.
“Local governments are encouraged to think big and be bold in their approaches, which could include accelerating project timelines, allowing increased housing density, and encouraging affordable housing units.
The Government of Canada is making life more affordable for Canadians – and housing is key to that work. Our plan to double the rate of housing construction over the next decade will help build the housing supply we need.
“We will continue to work with provincial, territorial, and municipal governments, as well as Indigenous partners, to keep building more homes for Canadians, faster, and make life more affordable.
