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Last week, the federal and provincial governments, with the City of Toronto and Association of Municipalities of Ontario (AMO), renewed the Canada Community Building Fund (CCBF) agreement. Renewed for 10 years, the federal government will invest $4.7 billion over the next five years, starting with $895 million in 2024-25.
The CCBF, formerly the federal Gas Tax Fund, is a permanent source of funding for municipal infrastructure. Funds under this agreement are intended to ensure critical infrastructure to support housing in Ontario continues to be built, maintained, and expanded.
In alignment with regional housing goals and increasing affordable housing in Ontario, three priority goals were set:
- Reporting on affordable units created to meet the needs of communities and increase capacity of the non-profit sector;
- Working across all orders of government to leverage public lands to meet housing needs; and
- Supporting innovation in construction techniques by committing to a provincial innovation strategy for modular and prefabricated housing, including working with the federal government to develop and adopt a design catalogue.
Continuation of this fund helps address the municipal infrastructure deficit, contributing to municipal financial sustainability and ensuring decision-makers can make strategic decisions to address local infrastructure priorities.
Funding, which is distributed to communities on a per-capita basis, can be put towards infrastructure such as roads, bridges, and transit. For more information on past projects, refer to the CCBF Project Map.
AMO will be sending out the Municipal Funding Agreements.