Hamilton reaches agreement with Ottawa for 9,000 homes
BNN Bloomberg
The City of Hamilton and the federal government have reached an agreement that will see the city add more than 2,600 homes over the next three years and 9,000 units over the next decade.
The deal, reached under the federal Housing Accelerator Fund, includes $93.5 million in funding for the project, which will see homes developed on city land near future light-rail transit stops.
Hamilton has also agreed to alter their zoning laws to allow for four residential units to be built on a single lot.
“I want Hamilton to be a great place to live for people of all ages and income levels,” Hamilton Mayor Andrea Horwath said in a news release. “To keep our city affordable, we need to introduce a range of new housing options and introduce innovative new approaches to creating and preserving housing.”