“We welcome today’s update and applaud the measures the Ford government is taking to accelerate housing supply across Ontario through investment in vital housing supportive infrastructure,” noted OHBA President Dave Depencier. “Our industry is on a mission to build at least 1.5 million new homes by 2031. It is crucial that we continue to work together and use all mechanisms possible to meet these ambitious but achievable goals.”
OHBA APPLAUDS THE PROVINCE FOR SUPPORTING PURPOSE-BUILT RENTAL AND HOUSING SUPPORTIVE INFRASTRUCTURE
In particular, OHBA applauds two important measures related to municipal infrastructure that were announced in the Fall Economic Statement. A $200 million fund for water and waste-water infrastructure and the creation of a new Ontario Infrastructure Bank, with an initial investment of $3 billion.
“Many municipalities have significant water infrastructure servicing constraints that are delaying the delivery of new homes, so we’re thrilled to see the additional investment of $200 million for water and waste-water infrastructure, and we’ll be looking closely at the details of the new Ontario Infrastructure Bank to see what it can do to help accelerate critical housing supportive infrastructure,” noted OHBA Interim CEO Neil Rodgers.
The OHBA’s commitment remains steadfast in championing those policies that expand housing supply, choice and mix so that all Ontarians can find a place to live, work and raise a family.
Story by: Financial Post