Toronto
Ontario and Ottawa say they’ve reached a deal under the national housing strategy that will unlock $357 million in federal funding for the province. The announcement comes after months of back and forth between the two levels of government over Ontario’s affordable housing targets.
Agreement involves revised action plan from Ontario that includes more dataThe Canadian Press
· Posted: May 28, 2024 10:01 AM EDT | Last Updated: 12 hours ago
Federal Housing Minister Sean Fraser is pictured. For months, the federal government has gone back and forth with Ontario over the province’s affordable housing targets. (CBC)Ontario and Ottawa say they’ve reached a deal under the national housing strategy that will unlock $357 million in federal funding for the province.
The announcement comes after months of back and forth between the two levels of government over Ontario’s affordable housing targets.
Ottawa had said it would withhold some affordable housing funding from the province because it didn’t meet its targets and had an inadequate action plan.
Instead, the federal government said it would bypass the province and give the money directly to municipalities.
Ontario, on the other hand, had argued the federal government wasn’t counting its progress properly.
A joint statement issued Tuesday morning says the deal involves a revised action plan from Ontario that includes more data and insights as to which housing projects benefited from provincial investment.
