The City of Hamilton exceeds Housing target, receives $17.5M from Government of Ontario

On March 22, the Province of Ontario recognized the City of Hamilton for exceeding the 2023 provincial housing target, with 120 percent of the target achieved in 2023. As a result, the City will receive $17,587,390 in funding through the Province’s Building Faster Fund. This funding was critical in achieving the City’s 2024 approved budget.

Construction started on a total of 4,142 new housing units in the City of Hamilton in 2023. This included a diverse range of housing across the entire City, including rental units, ownership units, affordable housing, low-rise, mid-rise and high-rise. The Province has set a target for Hamilton of 47,000 new units by 2031. These results for 2023 represent one of the highest levels of new housing construction ever in the City of Hamilton.

“Hamilton is getting it done on housing and we are glad to reward them for their success,” said Premier Doug Ford. “I’m so proud of Mayor Andrea Horwath and her council colleagues for exceeding their housing targets last year. My challenge to Mayor Horwath and to every mayor in Ontario is to get even more homes built in the coming years so we can make life more affordable and keep the dream of homeownership alive for families across the province. We’ll be there to support you every step of the way.”

City of Hamilton

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