Ontario Construction News staff writer
The West End Home Builder’s Association (WE HBA) is pleased that Burlington will receive $21 million in federal funding through the Housing Accelerator Fund, after pledging to build 29,000 new homes over the next decade.
“The City of Burlington and the development industry have been working under a renewed close partnership to facilitate the more than doubling our current rates of housing construction with a strong focus on bringing more units from the development pipeline through to the permit process.” said CEO Mike Collins-Williams. “This is a monumental task that requires collaboration between all three levels of government and the private sector.
“WE HBA is pleased to see the federal government coming to the table a significant amount of money to help us collectively facilitate the construction of significantly more homes”.
The federal housing accelerator fund is tied to the number of new housing starts the municipality can commit to. CMHC states the funding is to support “the development of complete, low-carbon and climate-resilient communities that are affordable, inclusive, equitable and diverse”.
Funding will help pay for infrastructure and remove barriers to the construction of new housing units.
“The federal dollars will enable the City of Burlington to accelerate planning and permit approvals and upgrade infrastructure for new home construction in Burlington,” Collins-Williams said. “This will enable our members to deliver on the ambitious city objective of 29,000 newly constructed homes over the next 10 years.”