The third installment of the Housing Accelerator Fund will help the City continue to get more homes built and make them more affordable.<\/p>\n
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The City has received $28.2 million from the federal Housing Accelerator Fund (HAF) to help get more homes built faster in Mississauga. This is the third installment the City has received under the HAF, totalling more than $84 million in federal housing funding to date.<\/p>\n
The HAF is designed to support the delivery of new homes, including important housing enabling-infrastructure. The City will use the third installment of the HAF to:<\/p>\n
Support the funding available for grants under the City\u2019s multi-residential stream of the Affordable Rental Housing Community Improvement Plan<\/a>. This program offers incentives to private and non-profit developers. It\u2019s designed to get shovel-ready rental housing projects with affordable units under construction as soon as possible. Stimulating housing construction<\/p>\n The City has made significant strides in changing the housing landscape since receiving its first HAF installment<\/a>. In January 2025, following the release of the Mayor\u2019s Housing Task Force<\/a> report, Mississauga became one of the first municipalities in Ontario to reduce and\/or eliminate development charges for residential housing. Other important actions include:<\/p>\n Tax relief for new multi-residential development: In response to a\u00a0motion by Mayor Parrish<\/a>, Peel Region approved a resolution adopting a new municipal Multi-Residential Property Tax subclass to help encourage the development of much-needed rental housing. The new subclass provides a 35 per cent property tax reduction for eligible properties. To learn more visit Mississauga.ca\/housing<\/a>.<\/p>\n Quotes<\/p>\n \u201cOur government is committed to supporting communities as they build practical, locally driven responses to housing pressures and homelessness. Through the Housing Accelerator Fund, we are providing incentives to local governments to remove barriers to housing supply and accelerate the creation of new homes. Mississauga\u2019s third HAF payment reflects the successful implementation of initiatives outlined in its Housing Action Plan, helping establish a strong foundation for long-term housing growth in the city.\u201d- The Honourable Gregor Robertson, Minister of Housing and Infrastructure and Minister responsible for Pacific Economic Development Canada<\/p>\n \u201cAs a City, we\u2019ve taken bold and proactive steps to help increase the supply of homes our residents urgently need. The Housing Accelerator Fund has been instrumental in advancing this work and we are grateful to the federal government for their support and partnership. Predictable, long-term funding from the federal and provincial governments will be critical to our continued success. Stable revenue tools allow cities like Mississauga to plan with confidence and deliver the complete, connected communities our growing population depends on.\u201d\u2013 Mayor Carolyn Parrish<\/p>\n
Media contact<\/p>\n City of Mississauga Media Relations
\nOffsetting shortfalls resulting from reductions to development charges and fees. The City\u2019s development charges incentives<\/a> program \u2013 which was recently expanded to provide deeper incentives for purpose-built rental apartments \u2013 is helping kick-start construction to make housing more affordable.<\/p>\n
\nIncentives for additional residential units and fourplexes: The City\u2019s\u00a0gentle density incentive program<\/a> provides grants to cover city fees and development charges (if applicable). The City also offers pre-approved garden suite design plans<\/a> that residents can use free of charge and has partnered with the federal government on its Housing Design Catalogue<\/a>.
\nMaking it easier to build housing in neighbourhoods<\/a>: Council approved updates to the City\u2019s\u00a0Official Plan and Zoning By-law<\/a> to allow fourplexes as well as semi-detached homes and homes on smaller lots<\/a> in residential neighbourhoods.
\nSimplifying planning approvals for housing near transit: Mississauga is moving forward with pre-zoning lands in the City\u2019s Protected Major Transit Station Areas<\/a>. Mississauga is one of the first municipalities in Ontario to pre-zone lands of this scale. When fully implemented, this will help speed up the construction of new housing while ensuring meets the City\u2019s vision for new development.<\/p>\n
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