Saying they recognize the importance of infrastructure, in regards to increasing housing supply, the three levels of government have renewed the Canada Community-Building Fund agreement.
The announcement was made Wednesday by Canada’s Minister of Housing, Infrastructure and Communities, Sean Fraser, Paul Calandra, Ontario’s Minister of Municipal Affairs and Housing, Toronto Mayor Olivia Chow and Association of Municipalities of Ontario President Colin Best.
The deal will see the federal government invest $4.7 billion over the next five years.
The CCBF provides predictable and sustainable funding for communities including money for paving roads like Rollins Drive and Chelford Crescent in Belleville and protecting public spaces like the Centeen Park seawall in Brockville.
The agreement focuses on three priority goals, including:
Reporting on affordable units created to meet the needs of communities and increase capacity of the non-profit sector;
Working across all orders of government to leverage public lands to meet housing needs; and
Supporting innovation in construction techniques by committing to a provincial innovation strategy for modular and prefabricated housing, including working with the federal government to develop and adopt a design catalogue.
