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'Sigh of relief': Cambridge gets provincial cash for meeting housing targets after initially being denied

The city will receive $4.44M from the Ontario Building Faster Fund

CBC NewsHannah Kavanagh

After a long year of conversations and number crunching, Cambridge announced that it has officially been awarded $4.44 million in funding from a provincial housing project after first being told that it didn't hit the mark. 

Ontario's Building Faster Fund is a three-year, $1.2 billion fund. It required municipalities to hit 80 per cent of their target for housing unit creation in 2023 in order to qualify for funding.

Kitchener received $14 million from this fund, while Guelph received $4.68 milliā€¦

Continued...

Read the full story on the CBC website

'Sigh of relief': Cambridge gets provincial cash for meeting housing targets after initially being denied

SOURCE www.cbc.ca

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https://guelph.lokol.me/s/sigh-of-relief-cambridge-gets-provincial-cash-for-meeting-housing-targets-after-initially-being-denied-62301-10067255
CBC NewsHannah Kavanagh, Posted: Dec 24, 2024 7:00 AM EST | Last Updated: 7 minutes ago
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