With long-term funding, the City can build more affordable homes for residents and modernize critical housing-enabling infrastructure like transit.
January 28, 2025
Housing Accelerator Fund (HAF)
Today’s announcement provides the City with the second installment of HAF. The more than $28.2 million will be used to support the City’s housing incentives as recommended by the Mayor’s Housing Task Force, including:
- Offsetting the shortfalls relating to reductions to development charges for the 2,700 shovel ready market condo units, and other incentives outlined in the Mayor’s Housing Task Force Motion.
- Discretionary grants under the City’s Affordable Rental Housing CIP to assist with the construction of 400 new affordable and below market rental apartment units.
The City will use the third HAF installment for the same purposes and will be seeking provincial support through the province’s Building Faster Fund.
Funding to advance key transit priorities
Starting in 2026, the City of Mississauga will receive more than $112 million in funding over ten years, from the federal government’s Canada Public Transit Fund (CPTF). This funding comes from the Baseline Funding stream and an additional investment is being provided through the Zero-Emission Transit Fund.
Baseline Funding stream
The majority of the funding the City will receive comes from the CPTF’s Baseline Funding stream. This funding will help advance key improvements to Mississauga’s transit system. This includes assistance with long-term planning as well as public transit and active transportation infrastructure updates.
Zero-Emission Transit Fund
The additional funding announced today, up to $10.9 million, will come from the Zero-Emission Transit Fund to support a project aimed at deploying electric hydrogen fuel cell buses in Mississauga. The funding will allow Mississauga’s transit agency, MiWay to purchase 10 hydrogen fuel cell buses, and install equipment at its Malton transit facility to fuel these buses. Mississauga will be Ontario’s first municipality to pilot hydrogen fuel cell buses in its transit fleet.