London, Ont.'s housing plan 'uniquely strong': Housing Minister Sean Fraser
BNN Bloomberg
London, Ont.’s flexibility when it comes to its housing strategy made it the easy choice as the first city to secure funding under the federal government’s new Housing Accelerator Fund, Housing Minister Sean Fraser said.
On Wednesday, the federal government announced London would receive $74 million toward its plan to build 2,000 new homes in the city. The funding announcement is the first under the government’s $4-billion accelerator program, first announced in 2022.
Fraser called London’s proposal “uniquely strong,” but only awarded the money after the city approved the federal government’s requests for housing projects near public transit and bylaw tweaks to allow four apartment units in a dwelling.
“When they were able to add the additional competitive features to their application, it made the decision easier to make London be the first successful applicant through this fund,” Fraser told BNN Bloomberg in a television interview Wednesday.
