Province Stimulating Rental Construction and Creating Vibrant Communities
Ontario is investing in St. Catharines’ rental housing market to encourage the creation of more affordable rental housing
A News Release from the Ontario Liberal Government and St. Catharines MPP Jim Bradley
Posted April 30th, 2018 on Niagara At Large.
Niagara, Ontario – James Bradley, Member of Parliament for St. Catharines, was in St. Catharines (in the last week of April) to announce funding for municipalities to provide development charge rebates to developers who want to build high-rise, mid-rise and townhouse rental housing. St. Catharines will receive $2,842,631 to encourage the construction of complete communities that are accessible, livable, walkable, and close to transit and other services.
Providing more affordable and rental housing is part of Ontario’s plan to support care, create opportunity and make life more affordable during this period of rapid economic change.
The plan includes free prescription drugs for everyone under 25, and 65 or over, through the biggest expansion of medicare in a generation, free tuition for hundreds of thousands of students, a higher minimum wage and better working conditions, and free preschool child care from 2 ½ to kindergarten.
“It is important that people in Ontario have an affordable place to call home, regardless of their housing needs or where they live. More rental housing means more options when looking for a home, while creating vibrant communities. I am pleased that the excellent application from the City of St. Catharines for funding under this program resulted in an allocation of $2,842,631.”— Jim Bradley, Member of Provincial Parliament, St. Catharines
- The funding is part of a five-year program to rebate up to $125 million in development charges.
- Some municipalities collect development charges to help pay for infrastructure – like transit, water mains and roads – to meet the increased demand created by new development.
- Research suggests that, of all the housing built over the last two decades, only six per cent was market rental housing.
The Fair Housing Plan is a comprehensive package of 16 measures to help more people find an affordable place to call home, while bringing stability to the real estate market and protecting the investment of homeowners.
- Ontario’s Fair Housing Plan
- Rental Fairness Act, 2017
- Encouraging development with inclusionary zoning
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