Real Estate Daily Report

Ontario Government Provides $37.5 Million Funding to Ottawa for Meeting Housing Target

  • 📰 CBCOttawa
  • ⏱ Reading Time:
  • 34 sec. here
  • 8 min. at publisher
  • 📊 Quality Score:
  • News: 38%
  • Publisher: 51%

Government News

Ontario,Government,Funding

The Ontario government is giving Ottawa about $37.5 million in funding for making 'substantial progress' toward meeting its 2023 housing target. The funding is coming out of Ontario's Building Faster Fund.

The Ontario government is giving Ottawa about $37.5 million in funding for making 'substantial progress' toward meeting its 2023 housing target.Posted: Apr 06, 2024 3:01 PM EDT | Last Updated: 2 hours ago

According to the Canada Mortgage and Housing Corporation, Ottawa ended last year with 10,313 new homes — less than 1,000 homes shy of the provincially mandated goal.He said the city's progress meant thousands of families are "going to have a roof over their ."Ottawa in line for province's housing fund after nearing 2023 target

According to the province, municipalities can receive money from the fund if they meet at least 80 per cent of their assigned housing target for the year, with extra money if they exceed the target. Ottawa Mayor Mark Sutcliffe said Friday he was "very proud" that the city met the threshold for funding.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 68. in PROPERTY

Property Property Latest News, Property Property Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Premier Ford is in Ottawa today to update Ottawa's progress towards its housing targetPremier Doug Ford will be joined by Minister of Municipal Affairs and Housing Paul Calandra and Ottawa Mayor Mark Sutcliffe to 'provide an update on Ottawa's progress towards its housing target,' according to a media release. CTVNewsOttawa.ca will carry the media conference at 11:30 a.m.
Source: ctvottawa - 🏆 29. / 67 Read more »