$6 billion housing fund will likely bring 'significant millions of dollars' to city, London, Ont. mayor says
CTV
Prime Minister Justin Trudeau announced $6 billion in housing money Tuesday. $1 billion will go directly to municipalities to support urgent infrastructure needs, while $5 billion will support long-term priorities such as wastewater infrastructure.
Prime Minister Justin Trudeau announced $6 billion in housing money Tuesday.
$1 billion will go directly to municipalities to support urgent infrastructure needs, while $5 billion will support long-term priorities such as wastewater infrastructure.
The money is welcomed news for the mayor of London.
“Investments like this will allow us to keep that momentum going,” said Josh Morgan.
That “momentum” is the 530 per cent increase in medium and high density housing builds through the first two months of 2024 compared to 2023.
"We've never seen this much construction before at one given time,” said Morgan. “Twenty cranes in the sky, 7,100 units of high density of one form or another under construction. We are not able to build the next 7,100 units without getting more infrastructure in the ground to support the next iteration of building in this community.”
It’s unclear how much money London will receive.
