Mississauga Secures Funding for Affordable Housing and Zero-Emission Transit
Key Ideas
  • Mississauga receives $28.2 million in Housing Accelerator Fund (HAF) to support affordable housing projects and incentives.
  • The city also secures over $112 million in federal funding for transit improvements, including $10.9 million for 10 hydrogen fuel cell buses.
  • The funding aims to modernize critical infrastructure, promote sustainability, and enhance public transit accessibility in Mississauga.
  • Government officials and the Mayor emphasize the positive impact on housing affordability, sustainability, and community connectivity.
The City of Mississauga has obtained significant financial support for two crucial initiatives – affordable housing and zero-emission transit. The federal government's funding announcement included over $28.2 million for the Housing Accelerator Fund, which will aid in the construction of 400 new affordable and below-market rental apartment units in Mississauga. This funding will also help offset development charge reductions for market condo units. Additionally, Mississauga is set to receive more than $112 million in federal funding for transit improvements over the next decade. This funding, sourced from the Canada Public Transit Fund (CPTF) and Zero-Emission Transit Fund, will support enhancements to the city's transit infrastructure. Notably, a portion of the funding, approximately $10.9 million, is allocated for the deployment of 10 hydrogen fuel cell buses in Mississauga – a groundbreaking step towards sustainable and cleaner transit options in the city. The government officials and Mayor Carolyn Parrish have expressed enthusiasm and gratitude for these investments. They highlighted the positive impact the funding will have on enhancing housing affordability, promoting sustainable transit solutions, and strengthening community connectivity. The officials emphasized the importance of creating accessible and reliable public transit systems that align with climate change goals and contribute to building vibrant and connected neighborhoods in Mississauga.
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