Organizations in Ontario Can Now Apply for Support for Innovation Projects to Accelerate Homebuilding
- Date: November 7, 2024
- Source: Canada All National News
Summary:
The Ontario government has launched a new program to provide organizations with financial support for innovative projects that aim to accelerate homebuilding in the province. The program, called the “Accelerating Homebuilding Through Innovation Program,” will provide up to $10 million in funding for eligible projects.
Details:
- The program is open to organizations of all sizes, including businesses, not-for-profit organizations, and municipalities.
- Projects must focus on developing and implementing innovative solutions to expedite homebuilding processes, such as:
- Streamlining permitting and approvals
- Increasing the use of prefabrication and modular construction
- Reducing construction waste
- Improving workforce productivity
- Applications will be evaluated based on their potential to:
- Increase the supply of new homes
- Reduce costs and timelines
- Improve the quality and sustainability of homes
- The deadline for applications is December 15, 2024.
Quotes:
“Our government is committed to finding ways to accelerate homebuilding and make it easier for Ontarians to find a place to live,” said Steve Clark, Minister of Municipal Affairs and Housing. “This program will support innovative projects that have the potential to help us build more homes, faster.”
“We encourage organizations with innovative ideas to apply for this program,” said Peter Bethlenfalvy, President of the Treasury Board. “Ontario is a hub for innovation, and we believe that working together, we can find solutions to the challenges facing our housing market.”
Additional Information:
- The Accelerating Homebuilding Through Innovation Program is part of the Ontario government’s Housing Supply Action Plan, which aims to build 1.5 million new homes over the next decade.
- For more information about the program and how to apply, visit the Ontario Ministry of Municipal Affairs and Housing website: www.mah.gov.on.ca/en/Housing/Pages/Accelerating-Homebuilding-Through-Innovation.aspx
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Canada All National News a new article on 2024-11-07 20:58 titled “Organizations in Ontario can now apply for support for innovation projects to accelerate homebuilding”. Please write a detailed article on this news item, including any relevant information. Answers should be in English.
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