Municipalities that are projected to have populations over 50,000 and are on track to meet their housing targets for 2031 will be eligible for Strong Mayor powers. This includes the City of Woodstock.
ONTARIO - The Ford Government is expanding Strong Mayor powers to additional municipalities.
This will affect the ones that are projected to have populations over 50,000 by 2031 and they will also have to meet their housing targets set by the province. The City of Woodstock is included on this list and it has a housing target of 5,500.
In addition to this, the Ford Government has also announced the $1.2-billion Building Faster Fund. It will provide $400-million in new annual funding over the next three years to municipalities that are on track to meet their housing targets for 2031.
Premier Doug Ford made both announcements at the AMO Conference in London yesterday.
"With these new measures, we’re supporting municipalities and giving them the tools they need to build more homes faster to tackle the affordability crisis that’s pricing too many people, especially young families, and newcomers, out of the dream of home ownership. We have two choices: We can sit back and ignore the crisis, or we can build more homes. Our government is choosing to build homes."
We will be speaking with Woodstock Mayor Jerry Acchione later this morning.
We have two choices: We can sit back & ignore the crisis or we can build more homes. Our government is choosing to build & that’s what the Building Faster Fund will achieve.
— Doug Ford (@fordnation) August 21, 2023
Along with strong mayor powers, this fund will speed up approvals & get homes built across Ontario now. pic.twitter.com/FiCmwbxoex
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