Greater Ottawa Home Builders’ Association applauds federal funding injection of $176M for housing construction in Ottawa
February 12, 2024
Ottawa— The Greater Ottawa Home Builders' Association (GOHBA) enthusiastically welcomes the federal government's commitment of $176 million in funding toward new home construction as a significant step in addressing the housing crisis both in Ottawa and across the country.
GOHBA was pleased to see the Honourable Jenna Sudds, Minister of Families, Children and Social Development and Member of Parliament for Kanata-Carleton, be joined by area MPs, Ottawa Mayor Mark Sutcliffe and city councillors to announce the $176 million under the federal Housing Accelerator Fund. This substantial investment exceeds the city's initial request of $150 million, demonstrating a commendable commitment to housing affordability and supply.
“This funding signals a coordinated effort among different levels of government to tackle our pressing housing issues. Today's announcement presents a pivotal opportunity to be ambitious in our growth planning and signals a move towards bold, decisive action in addressing the housing shortage both here at home and Canada-wide,” said Jason Burggraaf, GOHBA’s Executive Director.
During the announcement, the Minister and the Mayor referenced the establishment of up to four units as-of-right per lot in Ottawa, which will not only help the city to achieve its own intensification targets with gentle, low-rise density, but it will also allow home builders to take advantage of the HST relief on for-purpose rental construction announced by the federal and provincial governments in the fall.
“The housing plans we make today have long-term implications on housing accessibility and affordability for Ottawa’s residents, now and in the future,” said Burggraaf. “We look forward to working closely with all stakeholders to leverage this funding effectively to create vibrant, inclusive and affordable communities for generations to come."
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Greater Ottawa Home Builders' Association