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Kingston Exceeds Housing Targets, Receives $3.2M Funding Bonus

In a significant development aimed at addressing the ongoing housing crisis, Kingston, Ontario, has surpassed its 2023 housing targets, triggering a substantial funding allocation of $3,200,000 from the Building Faster Fund. This announcement was made today by Paul Calandra, Ontario’s Minister of Municipal Affairs and Housing, commending Kingston for its exceptional efforts in breaking ground on a total of 1,465 new housing units last year.

The Building Faster Fund, initiated in August 2023, is part of a three-year, $1.2 billion program designed to incentivize municipalities to tackle housing supply issues head-on. It rewards municipalities that demonstrate significant progress against their housing targets with funding for housing-enabling and community-enabling infrastructure.


Minister Calandra hailed Kingston’s achievement as a testament to the city’s commitment to addressing the housing crisis and praised the collaborative efforts of local authorities. He emphasized the province’s unwavering support, citing a recent budget investment of over $1.8 billion in housing-enabling infrastructure as a demonstration of the government’s dedication to facilitating affordable homeownership across Ontario.

Expressing gratitude for the provincial support, Mayor Bryan Paterson underscored the importance of investments like the Building Faster Fund in ensuring the continued growth of Kingston while maintaining housing affordability and accessibility for its residents.

In a statement, MPP John Jordan lauded the collective efforts of Mayor Paterson and the City of Kingston, highlighting their remarkable achievement in surpassing housing targets. He emphasized the positive impact of collaboration at all levels of governance in addressing critical issues such as housing affordability and access.

Commentary

The success of Kingston in surpassing its housing targets and securing additional funding underscores the importance of proactive measures in addressing the housing crisis. The allocation of funds through initiatives like the Building Faster Fund is crucial in enabling municipalities to meet the growing demand for affordable housing.

The commitment demonstrated by both the provincial government and local authorities in Kingston sets a commendable example for other regions grappling with similar challenges. By working together collaboratively, communities can overcome obstacles and create opportunities for sustainable growth and development.

As the housing crisis continues to affect individuals and families across the province, initiatives that incentivize and support the construction of new housing units are essential. It is imperative that governments at all levels continue to prioritize affordable housing initiatives to ensure that everyone has access to safe and suitable accommodation.

The funding allocated to Kingston serves as a beacon of hope for communities striving to address housing affordability issues, and it underscores the significance of proactive government intervention in creating positive change.

Samantha Deschamps

Samantha Deschamps serves as the Queens Park Reporter, offering insightful coverage of provincial politics with depth and accuracy. With a keen understanding of legislative intricacies, Deschamps provides invaluable perspectives on matters affecting Ontario. For inquiries or feedback, contact Samantha at samantha.deschamps@gtaweekly.ca.

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