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GEORGINA — Today, Matthew Rae, Parliamentary Assistant to the Minister of Municipal Affairs and Housing, announced Ontario will be providing the Town of Georgina with $1,522,520 in funding through the Building Faster Fund as the town has made substantial progress towards meeting its 2023 housing target, breaking ground on a total of 419 new housing units last year.

“I want to congratulate Georgina and all municipalities that have worked hard to get shovels in the ground faster,” said Matthew Rae, Parliamentary Assistant to the Minister of Municipal Affairs and Housing. “Our challenge to these municipalities now is to redouble their efforts to build more homes than ever before so we can improve affordability and keep the dream of homeownership alive in Ontario. Our government will be there to support you every step of the way, including through our recent budget investment of more than $1.8 billion in housing-enabling infrastructure.”

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.

“On behalf of the Town of Georgina, we appreciate this support from the province in our continued efforts to build affordable housing in our community,” said Margaret Quirk, Mayor of Georgina. “Partnerships are key in delivering housing to Georgina’s growing population and we remain committed to working together to meet this critical need. Home ownership is a dream for so many and this funding will help us in our work to increase supply.”

The Building Faster Fund includes $120 million for small, rural and northern municipalities to help build housing-enabling infrastructure and prioritize projects that speed up the increase of housing supply.

Quick Facts

Quotes

"I applaud the work being done by Georgina and all the other municipalities that are making substantial progress towards their housing targets and I’m proud to see these communities helping lead the province when it comes to building homes. Our government is committed to reaching our goal of building 1.5 million homes by 2031 to make sure that everyone has an affordable place to call home."

- Paul Calandra
Minister of Municipal Affairs and Housing

"I want to thank the Town of Georgina for their significant efforts in increasing residential housing in our community and for making progress towards the municipality’s housing target. When I speak to residents, they want to see all levels of government working to address our housing supply crisis. I am confident that this investment will continue to support shovels in the ground for new homes for families in York-Simcoe."

- Caroline Mulroney
MPP for York-Simcoe

Additional Resources

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