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Housing Accelerator: Halifax, Mississauga, Vaughan
A lot of things are happening!
Sean Fraser is conducting negotiations simultaneously with a number of individual municipalities over their Housing Accelerator funding applications. It’s not easy to keep up! Previously: the federal plan.
Last week, Halifax city council voted unanimously to accept Sean Fraser’s requirements, e.g. to allow four units on a single lot - except for the four-storey requirement. Haley Ryan, CBC: Halifax agrees to most federal tweaks for housing money — but not height.
Is that enough? Deny Williams thinks that four units on a single lot is the most important requirement, and that this is a pretty big win: Halifax budges on housing.
On Wednesday, Sean Fraser posted a letter to Bonnie Crombie, mayor of Mississauga, asking for four units by right city-wide, and four storeys by right within walking distance (800 metres) of light rapid transit (LRT) and bus rapid transit (BRT).
Claire Pasieka, CBC: Mississauga to consider fourplexes throughout city as pressure to increase housing supply mounts. City council will consider the four-plex motion on October 11.
Previously: four recent examples of opposition to new housing in Mississauga.
On Thursday, Trudeau and Fraser announced a Housing Accelerator agreement with Vaughan. This is the second one, after London.
Zoe Demarco, Storeys: Vaughan To Receive $59M Under Housing Accelerator Fund Agreement.
The funds will fast-track the building of over 1,700 new housing units and incentivize the creation of thousands of additional homes over the next three years. Over the next decade, the agreement will lead to the construction of more than 40,000 new homes in the city.
Vaughan’s HAF agreement will allow for high-density development near public transit, prioritize building apartments and affordable housing, and fix outdated permitting systems to speed up development. As well, the city will amend a zoning by-law to allow for the construction of up to four residential units on one lot.
$59M, if used directly to build housing at $500,000 per apartment, would pay for about 120 apartments. So 1700 homes (in just the next three years) is more than 10X as cost-effective. 40,000 would be more than 300X as cost-effective.