Ontario Rewards Milton With $8.4 Million Through the Building Faster Fund

Reposted from the Ontario government newsroom.

Second round of funding rewards municipalities for progress toward housing targets

Ministry of Municipal Affairs and Housing

MILTON — The Ontario government is awarding Milton with $8,400,000 through the second round of the Building Faster Fund, which provides funding to municipalities that achieve at least 80 per cent of their provincially designated housing targets. Milton broke ground on 2,260 new homes in 2024, which works out to nearly 130 per cent of its 2024 housing target. This funding will help Milton build more homes and community infrastructure and supports the province’s plan to protect Ontario by investing in infrastructure to support economic growth and keep workers on the job.

“Through the Building Faster Fund, we’re partnering with Mayor Krantz to get shovels in the ground in Milton,” said Graydon Smith, Associate Minister of Municipal Affairs and Housing. “This investment, along with our government’s latest legislation, is another step forward in our plan to streamline and speed up approvals to get more homes built faster in partnership with municipalities across Ontario.”

Announced in August 2023, the Building Faster Fund is a three-year, $1.2 billion program that is designed to encourage municipalities to speed up approval processes and get more homes built faster. The program rewards municipalities that make significant progress against their targets by providing funding for housing-enabling and community-enabling infrastructure.

Ontario is investing nearly $35 million in municipalities across Halton Region through the Municipal Housing Infrastructure Program to enable the construction of over 29,000 new homes. This includes more than $10.5 million for the Town of Milton.

“On behalf of Milton Council, I want to thank the Ontario government for this investment through the Building Faster Fund,” said Gord Krantz, Mayor of Milton. “This funding will support critical infrastructure, such as stormwater management, road rehabilitation and active transportation routes that directly support housing throughout our growing community. As we continue to plan and build for the future, this funding strengthens our efforts to create complete, connected communities and helps ensure Milton remains A Place of Possibility.”

The Ontario government is also helping to speed up the construction of new homes and infrastructure, including by streamlining development processes and reducing costs in close partnership with municipalities, through the Protect Ontario by Building Faster and Smarter Act 2025.

Quick Facts

• From January to August 2025, Ontario saw 13,910 rental starts, an increase of 23.1 per cent compared to the same period in 2024. This is the highest level of rental starts on record for this time of the year.
• To help make way for more housing opportunities and support growing communities, the government is also giving municipalities more time to spend funds awarded through the Building Faster Fund, extending the deadline to 2028.

Quotes

"Through the Building Faster Fund and our historic infrastructure investments, our government is working with local leadership to get more shovels in the ground to build the homes that Milton needs. We’re working hard across the province to reduce delays, streamline approvals and build more homes faster."

- Zee Hamid
Member of Provincial Parliament for Milton

Additional Resources