Breaking Down Barriers to Affordable Housing
Brampton, Ontario – Building affordable housing across the country has been a challenge, but today, the federal government, in collaboration with municipalities, is taking a significant step to remove these obstacles.
Prime Minister Justin Trudeau announced a groundbreaking agreement with the City of Brampton, Ontario, to expedite the construction of more than 3,150 new housing units over the next three years. This monumental initiative is expected to drive the development of more than 24,000 homes in the next decade, tackling the urgent demand in Brampton.
The Housing Accelerator Fund Takes Center Stage
The Housing Accelerator Fund makes this groundbreaking agreement possible by injecting over $114 million to remove the obstacles that slow down housing construction. The plan prioritizes high-density development near transit corridors and eliminates barriers to housing development in crucial city areas like urban centers, boulevards, and major public transit stations.
Additionally, it introduces new incentive programs for affordable housing. Brampton will also extend zoning permissions as a matter of right, allowing for four residential units and four stories within 800 meters of transit, encompassing most of the city. These initiatives are poised to transform the housing construction landscape in one of Canada’s fastest-growing municipalities.
With an average annual population growth rate of approximately 4 percent, the City of Brampton stands out as one of Canada’s quickest-expanding municipalities. Factors such as international and domestic trade, investments in public transit, and its proximity to urban centers like Toronto are propelling Brampton towards an anticipated population of 1 million by 2051.
Accelerating Housing Nationwide
The Housing Accelerator Fund is a nationwide effort that aims to cut through bureaucratic red tape and speed up the construction of at least 100,000 new homes in towns, cities, and Indigenous communities across Canada. We encourage local governments to propose innovative action plans. Once approved, they receive upfront funding to guarantee prompt housing development.
These plans may include accelerated project timelines, increased housing density, and incentives for affordable housing units.
The Housing Accelerator Fund is a $4 billion initiative from the Government of Canada that will run until 2026-27. Its design aims to assist cities, towns, and Indigenous governments in unleashing a new housing supply through innovative approaches.
Canada’s Commitment to Affordable Housing
The Government of Canada’s commitment to making life more affordable for Canadians is underpinned by this housing initiative. The plan seeks to double the rate of housing construction in the next decade, working closely with provincial, territorial, and municipal governments, along with Indigenous partners.
Prime Minister Justin Trudeau emphasized the importance of this initiative:
“We need to build more homes, faster. That means working with Mayors that want to cut red tape and help change the way we build homes in this country. It’s what today’s announcement in Brampton is all about. By investing in programs like the Housing Accelerator Fund, we’re building the foundation for a more stable, affordable, and prosperous life for millions of Canadians from coast to coast to coast.”
Sean Fraser, Minister of Housing, Infrastructure, and Communities added,
“Today’s announcement will help fast-track over 3,150 permitted units in the next three years and 24,100 homes over the next decade. By working with cities, mayors, and all levels of government, we are helping to get more homes built for Canadians at prices they can afford.”
The Prime Minister recently made similar agreements with London and Vaughan, Ontario. These agreements will speed up the creation of more than 3,900 extra housing units in both cities within the next three years and even more units in the future.
The Housing Accelerator Fund is part of Canada’s National Housing Strategy (NHS), a $82+ billion plan that has already promised to create and fix more than 400,000 housing units. You can stay updated on our progress at www.placetocallhome.ca. Check out the Housing Funding Initiatives Map to see affordable housing projects we’ve already developed.
Since the establishment of the NHS, the Government of Canada has committed over $36.82 billion to create 113,467 housing units and to repair 126,011 units. Our focus is on those who need it most, including seniors, Indigenous Peoples, individuals at risk of homelessness, and women and children fleeing violence.
Since 2015, we’ve assisted nearly two million Canadians in finding a place to call home.
Praise from Local Leaders
Brampton Mayor Patrick Brown expressed his gratitude for the federal government’s partnership and investment in their community, highlighting the significance of the $114 million investment through the Housing Accelerator Fund.
He emphasized the goal of creating more than 24,000 homes over the next decade through Brampton’s Official Plan, Housing Strategy, Action Plan, and Municipal Housing Pledge.