Building Faster Fund to help more Ontarians, including those in Milton, realize home ownership dream
With the fall session of the Ontario Legislative Assembly now well underway, our government remains focused on what matters most to our community; strengthening the delivery of our public health care, supporting our municipalities to get more homes built and further expanding access to services like rural broadband.
Our government is taking action to strengthen our health-care system by increasing provincial funding to connect people to faster, more accessible care in our community.
As a result of our investments into health care, funding to support our public health system has increased by almost 16 per cent since 2018.
To bring the dream of home ownership to more people, we are introducing the Building Faster Fund. This is a new, three-year, $1.2 billion program to help municipalities, like Milton, meet or exceed their housing targets.
The fund will be performance based; towns and cities across Ontario could receive a total of $400 million each year.
Along with building more homes, we are taking action to ensure that everyone has access to reliable, high-speed internet.
As a father of three living in rural Milton, it is tremendous to know that our government has set forward an ambitious plan to bring internet access to every community in the province by the end of 2025.
That is why the Ontario and federal government is investing more than $219 million to provide over 66,000 homes in more than 300 rural communities in southern Ontario, including Campbellville, with high-speed internet access.
This investment is in addition to previous investments totalling over $1.2 billion, making sure that no community is left behind.
Rural communities across the province are also benefiting from historic investments by our government to the Rural Economic Development Program.
We have increased investments into the program by $4.3 million for 80 projects across Ontario, which now totals more than $21.6 million for approximately 380 projects since 2019.
The program aims to assist initiatives that diversify rural economies and produce jobs in local communities.
We know there is more work to be done, but our government is acting to improve services and build a stronger economy.