The province has announced a bold new project aimed at ending chronic homelessness in 10 years.
Ted McMeekin, the minister of municipal affairs and housing, announced on Monday that the province will be investing $178-million in new funding over three years and create new rules for affordable housing.
Ontario is also proposing to introduce legislation that would, if passed, allow municipalities the choice of establishing inclusionary zoning policies. If a municipality chose to use this tool, new housing proposals would require a certain percentage of affordable units in order to be approved.
In the coming months, Ontario will consult with municipalities, developers, and other interested parties to request input that will help the province develop a framework for inclusionary zoning.
They will also have the opportunity to provide feedback on other planning and financial tools that could facilitate the creation of affordable housing units.