As blowback for the Greenbelt land swap rages on, Premier Doug Ford announced a new $1.2B incentive program to get municipalities to build more homes. Ford announced the new program, dubbed the Building Faster Fund, during his speech at the Association of Municipalities Conference in London on Monda...
Alongside a new program that will reward municipalities for reaching and exceeding their housing targets, Ford announced an extension of strong mayor powers to 21 additional municipalities.As blowback for the Greenbelt land swap rages on, Premier Doug Ford announced a new $1.2B incentive program to get municipalities to build more homes.
Municipalities that reach 80% of their respective part of each year's target will become eligible for funding "based on their share of the overall goal." Vaughan, a larger city with a higher housing target, is on track to reach 140% of their goal. If they do, Ford says they will be eligible for $17M in new funding.
"Specifically, municipalities projected to have populations of over 50,000 people by 2031 will become eligible for strong mayor powers," Ford said. Auditor General Bonnie Lysyk revealed that both Ford and his Housing Minister, Steve Clark, were said to have had no involvement in or knowledge of the selection process, with the finger being pointed at Clark's Chief of Staff, Ryan Amato.
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