KAWARTHA LAKES-The Ontario government has given $1,442,307 million to the City of Kawartha Lakes through the second round of the Building Faster Fund, which provides funding to municipalities that achieve at least 80 per cent of their provincially designated housing targets.
Kawartha Lakes broke ground on 451 new homes in 2024, which works out to 83 per cent of its 2024 housing target.
“Through the Building Faster Fund we’re partnering with Mayor Elmslie to get shovels in the ground in Kawartha Lakes,” said Rob Flack, Minister of Municipal Affairs and Housing. “This investment, along with our government’s latest legislation, is another step forward in our plan to streamline and speed up approvals to get more homes built faster in partnership with municipalities across Ontario.”
Announced in August 2023, the Building Faster Fund is a three-year, $1.2 billion program that is designed to encourage municipalities to speed up municipal approvals processes and get more homes built faster. The fund rewards municipalities that make significant progress against their targets by providing funding for housing-enabling and community-enabling infrastructure.
“Our government has a plan to protect Ontario by creating good-paying jobs and building the housing needed for our growing province and the most competitive economy in the G7,” said Matthew Rae, Parliamentary Assistant to the Minister of Municipal Affairs and Housing. “This funding will play a key role in ensuring that the housing and infrastructure needs of local communities are met for generations to come.”
