Michael Johnny Legault BA, PMP, DO’s Post

Housing, Infrastructure & Communities Canada: "As you note (Canada Housing Infrastructure Fund) program requirements include that municipalities & regional govts with a population of 300,000 or more must implement a 3-year freeze on increasing the cost of development charges" https://lnkd.in/gnfsFwUU

Aimed at supporting the cost of #building infrastructure for new residential density and population growth, the Government of Canada has announced the new $6 billion Canada #Housing Infrastructure Fund – via ReNew Canada

As we're in the first leg of spring, the ON government released their budget yesterday. Of course you can imagine the provincial government recognizes that with Ontario's population growing at record pace not seen since the potato famine. Affordable housing solutions, specifically Modular infrastructure was mentioned multiple times. The ON government has created the $3B Building Ontario Fund to help finance affordable housing projects. Fero International Inc. has already received investment from the ON government and is primed to be a preferred modular manufacturer vendor. The Building Ontario Fund is creating a detailed process to ensure there is appropriate criteria for selecting projects and partners in priority areas i.e. Modular housing. Fero has already gone through this vigorous process and are in a position to ramp on capacity at any given notice. A % of that fund is set aside for ON First Nations communities and we are in active conversations with many communities to provide affordable housing solutions. Fero International is blowing by their Q1 projected purchase orders. Sabrina Fiorellino keeps executing at a pace not seen since the bluenose winning 17 straight times. Broderick Capital continues to facilitate meetings, please don't hesitate to reach out to learn more about the opportunity. https://lnkd.in/gcN6yQnj

This is the way Federal supports should be rolling out; housing connected to infrastructure. One of critical the reasons we’re in a huge national infrastructure debt is the past 70 years of low density sprawl. We’ve spread ourselves out on cheap farm and forest land and now we’re having to make up for those near-sighted decisions. Our challenge is to end sprawl completely and infill our neighbourhoods and cities across Canada.

🇨🇦 Ontario Minister of Finance Peter Bethlenfalvy unveiled Budget 2024 - Building a Better Ontario on March 26th. The $214.5-billion dollar budget prioritizes #infrastructure spending, including $100 million for a Skills Development Fund Training Stream and initiatives for the Skilled Trades. Deficits are projected to rise before reaching a surplus in 2026–27. The government plans to accelerate its $190-billion Plan to Build, focusing on highways, transit, housing and high-speed internet. Read more: https://lnkd.in/g-f-dPP9 #ERISInfo #Construction #economy Don Wall ConstructConnect Infrastructure Ontario Ontario Government | Gouvernement de l’Ontario

🚀 Exciting News for Municipalities across Canada 🏗️ Today, the federal government of Canada announced a new $6-billion Canada Housing Infrastructure Fund aimed at tackling the housing crisis. What we love is the emphasis on the construction and upgrading of essential infrastructure, including water, wastewater, stormwater, and solid waste systems. This is a challenge we've heard ALOT of our clients and partners speak about, and it's nice to see some action. With $1 billion dedicated to municipalities for urgent infrastructure needs, the opportunity for impactful and sustainable development that goes beyond the immediate housing crisis is immense. BUT, there's a lot of areas where this could go wrong. If projects are rushed, communities could be left with infrastructure that's not resilient, fails to meet future needs, has unsustainable maintenance costs, or is just flat out poorly planned. Let's make sure these projects start on solid ground and work together to build a future where housing is accessible, and infrastructure meets the needs of our growing communities. You can read more here: https://lnkd.in/dRzd6Ac2 #HousingCrisis #InfrastructureInvestment #MunicipalDevelopment #dependbuild

A big day for federal infrastructure news! 🏘 🏗 🚍 🚰 The federal government is creating a new $6-billion Canada Housing Infrastructure Fund, which will go to the construction and upgrading of water, wastewater, stormwater and solid waste infrastructure, something cities have said is critical to building more housing. $1 billion will go directly to municipalities, and the remaining $5 billion will be unlocked as part of deals with provincial governments to make missing middle housing more viable in larger urban centres. If a provincial government doesn't reach a deal, the money goes directly to the cities. Building on the success of the Housing Accelerator Fund, another $400 million is being added to the HAF envelope. This will hopefully re-open the door to funding for municipalities that have ambitious housing plans. Read more here: https://lnkd.in/eyTaYe9W

Canada Launches $6B Housing Infrastructure Fund to Boost Development On November 7, 2024, the Canadian government officially launched the Canada Housing Infrastructure Fund (CHIF), a $6 billion initiative aimed at accelerating the construction and enhancement of essential infrastructure to support housing development. Key Details: - Funding Streams: CHIF allocates $1 billion directly to municipalities and Indigenous communities, with at least 10% reserved for the latter. - Eligibility Criteria: To qualify, municipalities with populations over 30,000 must permit four units per lot in serviced residential areas. Additionally, those with populations exceeding 300,000 must implement a three-year freeze on development charge increases beyond April 2, 2024, rates. - Application Timeline: Applications are open until March 31, 2025, targeting projects substantially completed by September 2031. Click here to learn more: https://lnkd.in/gem-9Wm6

Canada Housing Infrastructure Fund Launch: 1.) The government launches a $6B fund to boost critical infrastructure for housing. 2.) Development Charge Freeze: Eligible municipalities must freeze development charges for 3 years to qualify. 3.) CRE Opportunity: Lower DC rates mean reduced development costs, presenting a ripe opportunity for growth in the residential real estate market. The CHIF brings incentives that could shape a more affordable path for development. Are you ready to leverage these opportunities? https://lnkd.in/gxiPcXJ2

“Yes, Canada needs more housing, but to realize this goal, we need the necessary infrastructure — the water lines, streets, sewers, storm drains, and all the other essential municipal services — that make new homes possible.” Mary W. Rowe Canadian Urban Institute (CUI) report, "A Jump Start: Providing Infrastructure for More Housing," finds that the estimated cost of housing-enabling infrastructure across Canada averages over $100,000 per new home. Considering Canada’s housing targets, the report suggests there are likely hundreds of billions of dollars required to fund the housing-enabling infrastructure needed across the country. “Municipalities often face challenges financing the critical infrastructure they need to help unlock new housing developments, whether they are relying on municipal debt, property taxes, utility rates, government grants or levies on developers.” Ehren Cory Canada Infrastructure Bank/ Banque de l'infrastructure du Canada #infrastructure #housing https://lnkd.in/gmp_iF7H.