The Mississauga Civic Center in Mississauga, Ontario
The City of Mississauga is proposing a plan to encourage the construction of more affordable rental housing.
If approved, the plan will offer grants and financial incentives for rental units ranging from larger-scale apartment buildings to additional residential units such as garden suites and basement apartments. The plan also recommends financial incentives for developers and homeowners who would like to build affordable rental housing citywide.
The need for affordable housing is an important issue, and affects one in three households in Mississauga. The City notes that housing affordability is especially challenging for renters.
Creating more affordable rental units is an important part of the City of Mississauga’s Action Plan for New Housing.The City is holding a public meeting at Planning and Development Committee, to give an overview of the proposed Affordable Rental Housing Community Improvement Plan (CIP) and collect feedback. The CIP will be funded, in part, through funds received from the federal Housing Accelerator Fund. In December 2023, the Government of Canada and the City of Mississauga announced a $112.9 million agreement under the fund to help deliver more homes and improve affordability.
The meeting will take place on Tuesday, May 21, 2024, at 6:00 p.m.Those who are interested may watch the live stream on the City’s website (without registering) or join in person at City Hall.
