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Ontario says Peterborough will receive up to $39.9 million for infrastructure in exchange for reducing development charges for three years.
Peterborough will receive up to $39.9 million for infrastructure in exchange for reducing development charges for three years, the Ontario government announced Monday.
The Nov. 9 announcement, billed as a joint Ontario–Canada housing affordability initiative, links the infrastructure funding to the city’s three-year reduction in charges.
Ontario says Petrolia will receive up to $2.3 million for infrastructure in exchange for eliminating development charges for three years.
The conditional funding is tied to eliminating residential development charges for three years.
The October 16 announcement links water-system funding to a three-year development-charge reduction; agreements and project approvals remain necessary.
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