Dec 18, 2023
By Angus Gillespie
The federal government and Mississauga have agreed to fast-track more than 3,000 new housing units for the city over the next three years.
The agreement, under the Housing Accelerator Fund will provide nearly $113 million dollars to “eliminate barriers” to build housing.
Rechie Valdez, Minister of Small Business and an MP for Mississauga, says the government is doing what’s necessary to ensure that our children and generations to come will have access to affordable and safe housing.
Outgoing Mississauga Mayor Bonnie Crombie is extremely pleased by the commitment shown by the federal government.
Crombie, who recently won the provincial Liberal leadership position and will officially resign as Mayor on January 12th, expects an additional 13,000 new housing permits to be approved by 2026.
Additionally, Valdez says initiative will help build more homes near public transportation, improve transit in the city and add 33 kilometres to the cycling network throughout Mississauga.