Ontario gives Milton $8.4M through Building Faster Fund

The Ontario government is awarding the Town of Milton with $8,400,000 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.

Milton broke ground on 2,260 new homes in 2024, which works out to nearly 130 per cent of its 2024 housing target.

“This funding will support critical infrastructure, such as stormwater management, road rehabilitation and active transportation routes that directly support housing throughout our growing community,” said Gord Krantz, Mayor of Milton.

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 approval processes and get more homes built faster. The program rewards municipalities that make significant progress against their targets by providing funding for housing-enabling and community-enabling infrastructure.

“We’re working hard across the province to reduce delays, streamline approvals and build more homes faster,” said Zee Hamid, Conservative MPP for Milton.

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