KAWARTHA LAKES-The City of Kawartha Lakes is building 30 new affordable housing units at 106 Murray Street in Fenelon Falls.
The project received a funding boost of $1.4 million from the province on Monday. The funds are from the Building Faster Fund which awards cash to municipalities who reach their housing targets.
“Thanks to the province’s support, funding of $1.4 million will go directly to an affordable housing project in Fenelon Falls, addressing a vital need in our municipality. This project will see 30 units of affordable housing built and support the efforts of our Kawartha Lakes Haliburton Housing Corporation. We are committed to ensuring that every new housing development includes a fair share of affordable homes for low-income families. A waitlist of up to 10 years, what some of our residents are facing today, is simply unacceptable. We value our partnerships with other levels of government as we work together to tackle this housing crisis.” said Mayor Doug Elmslie.
The City reached 83 per cent of its 2024 housing target breaking ground on 451 new homes.
“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.
The group which also included MPP Laurie Scott toured the construction site for a first hand view of the progress being made.
