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Chatham-Kent — Today, Rob Flack, Associate Minister of Housing, announced Ontario will be providing Chatham-Kent with $440,000 in funding through the Building Faster Fund after the municipality exceeded its 2023 housing target. Chatham-Kent broke ground on a total of 522 new housing units last year, unlocking an additional $146,667 by exceeding their 2023 target.

“Our government is making historic investments in infrastructure to give municipalities the tools they need to ensure that every resident has an affordable place to call home,” said Rob Flack, Associate Minister of Housing. “Chatham-Kent and all other municipalities that have met or exceeded their housing targets should be proud of the work they have done to get shovels in the ground faster.”

Announced in August 2023, the Building Faster Fund is a three-year, $1.2 billion program that is designed to encourage municipalities to address the housing supply crisis. The fund rewards municipalities that make significant progress against their targets by providing funding for housing-enabling and community-enabling infrastructure. Funding is provided to municipalities that have reached at least 80 per cent of their provincially assigned housing target for the year with increased funding for municipalities that exceed their target.

“As our community continues to grow at an unprecedented rate, we’re thankful to everyone who is building and investing in Chatham-Kent,” said Darrin Canniff, Mayor of Chatham-Kent. “These Provincial funds will allow our community to continue to expand and remain welcoming, affordable and diverse. Chatham-Kent is a fantastic place to live, work and enjoy life and more and more people from around Canada and the world are discovering this.”

In the coming weeks, the province will announce Building Faster Fund rewards for all municipalities that met, exceeded or achieved 80 per cent of their assigned housing targets in 2023. Any unspent funding will be made available for housing-enabling infrastructure to all municipalities, including those that have already received funding as a result of reaching their targets, through an application process. In addition, ten per cent – or $120 million – of the Building Faster Fund is being set aside for small, rural and northern municipalities to help build housing-enabling infrastructure and prioritize projects that speed up the increase of housing supply.

“As our community experiences unprecedented growth, we extend our gratitude to all those contributing to the development and investment in Chatham-Kent,” said Trevor Jones, MPP for Chatham-Kent-Leamington. “With the support of provincial funds, our community will sustain its expansion while upholding principles of inclusivity, affordability, and diversity. Chatham is an exemplary location for residents to live, work, and thrive, attracting individuals from across Canada and beyond.”

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