Mississauga receives $28 million in federal funding to help ongoing efforts to boost housing supply

The City has received $28.2 million from the federal Housing Accelerator Fund (HAF) to help get more homes built faster in Mississauga. This is the third installment the City has received under the HAF, totalling more than $84 million in federal housing funding to date.

The HAF is designed to support the delivery of new homes, including important housing enabling-infrastructure. The City will use the third installment of the HAF to:

• Support the funding available for grants under the City’s multi-residential stream of the Affordable Rental Housing Community Improvement Plan. This program offers incentives to private and non-profit developers. It’s designed to get shovel-ready rental housing projects with affordable units under construction as soon as possible.
• Offsetting shortfalls resulting from reductions to development charges and fees. The City’s development charges incentives program – which was recently expanded to provide deeper incentives for purpose-built rental apartments – is helping kick-start construction to make housing more affordable.

Stimulating housing construction

The City has made significant strides in changing the housing landscape since receiving its first HAF installment. In January 2025, following the release of the Mayor’s Housing Task Force report, Mississauga became one of the first municipalities in Ontario to reduce and/or eliminate development charges for residential housing. Other important actions include:

• Tax relief for new multi-residential development: In response to a motion by Mayor Parrish, Peel Region approved a resolution adopting a new municipal Multi-Residential Property Tax subclass to help encourage the development of much-needed rental housing. The new subclass provides a 35 per cent property tax reduction for eligible properties.
• Incentives for additional residential units and fourplexes: The City’s gentle density incentive program provides grants to cover city fees and development charges (if applicable). The City also offers pre-approved garden suite design plans that residents can use free of charge and has partnered with the federal government on its Housing Design Catalogue.
• Making it easier to build housing in neighbourhoods: Council approved updates to the City’s Official Plan and Zoning By-law to allow fourplexes as well as semi-detached homes and homes on smaller lots in residential neighbourhoods.
• Simplifying planning approvals for housing near transit: Mississauga is moving forward with pre-zoning lands in the City’s Protected Major Transit Station Areas. Mississauga is one of the first municipalities in Ontario to pre-zone lands of this scale. When fully implemented, this will help speed up the construction of new housing while ensuring meets the City’s vision for new development.

To learn more visit Mississauga.ca/housing.

Quotes

“Our government is committed to supporting communities as they build practical, locally driven responses to housing pressures and homelessness. Through the Housing Accelerator Fund, we are providing incentives to local governments to remove barriers to housing supply and accelerate the creation of new homes. Mississauga’s third HAF payment reflects the successful implementation of initiatives outlined in its Housing Action Plan, helping establish a strong foundation for long-term housing growth in the city.”- The Honourable Gregor Robertson, Minister of Housing and Infrastructure and Minister responsible for Pacific Economic Development Canada

“As a City, we’ve taken bold and proactive steps to help increase the supply of homes our residents urgently need. The Housing Accelerator Fund has been instrumental in advancing this work and we are grateful to the federal government for their support and partnership. Predictable, long-term funding from the federal and provincial governments will be critical to our continued success. Stable revenue tools allow cities like Mississauga to plan with confidence and deliver the complete, connected communities our growing population depends on.”– Mayor Carolyn Parrish

Tags

• Funding and Grants
• Housing