Ontario town will return federal housing money after vote against density

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Housing News

Housing Accelerator Fund,Oakville,Oakville News

Oakville was set to receive $25 million under the Housing Accelerator Fund. It has already received $1.28 million, which the town said it will return to the federal government.

funds from the federal government after shooting down measures that would build more density — a key condition of the deal.

On Thursday, a spokesperson for the mayor’s office told Global News that the town would be returning the money. Under the federal government’s Housing Accelerator Fund, Oakville received $1.28 million, which was to be part of a larger sum of $25 million that it would receive over time. This was done after the town council on Jan. 22 agreed to make zoning changes to become compliant with federal requirements.

 

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