Ontario Rewards Kingston With $3.2 Million Through the Building Faster Fund
As part of its record-breaking investments in housing-enabling infrastructure, the Ontario government is awarding the City of Kingston $3,200,000 through the second round of the Building Faster Fund, which provides funding to municipalities that achieve at least 80 per cent of their provincially designated housing targets. Kingston broke ground on 966 new homes in 2024, which works out to 145 per cent of its 2024 housing target. This funding will help the City of Kingston build more homes and community infrastructure and supports the province’s plan to protect Ontario by investing in infrastructure to support economic growth and keep workers on the job.
“I applaud Mayor Paterson for stepping up to deliver the homes that Kingston needs,” said Rob Flack, Minister of Municipal Affairs and Housing. “Our government has a plan to protect Ontario by creating good-paying jobs and building the homes that communities need to be competitive. Working with our municipal partners, we are making historic infrastructure investments and giving them the tools to build and make the dream of homeownership happen for more families.”
Announced in August 2023, the Building Faster Fund is a three-year, $1.2 billion program that is designed to encourage municipalities to speed up municipal approval processes and get more homes built faster. The fund rewards municipalities that make significant progress against their targets by providing funding for housing-enabling and community-enabling infrastructure.
“Kingston has once again surpassed its annual provincial housing target, demonstrating our ongoing commitment to addressing the housing needs of our growing community,” said Bryan Paterson, Mayor of Kingston. “Investments like the one announced today help us stay focused on facilitating housing construction that is both affordable and accessible. Thank you to the province’s continued partnership and recognition that building strong, inclusive communities takes collaboration. Programs like the Building Faster Fund remain vital in supporting our shared goals.”
The Ontario government is also helping to speed up the construction of new homes and infrastructure, including by streamlining development processes and reducing costs in close partnership with municipalities, through the Protect Ontario by Building Faster and Smarter Act 2025.
Quick Facts
- From January to May 2025, Ontario saw 6,977 rental starts, an increase of 25 per cent compared to the same period in 2024. This is the second-highest level of rental starts on record for this time of the year, after 2023.
- To help make way for more housing opportunities and support growing communities, the government is also extending the time that municipalities have to spend funds awarded through the Building Faster Fund to 2028.
Quotes
"This reward, totalling $3.2 million, will ensure that we can keep up with the growing demand for more homes in the City of Kingston and surrounding regions. Affordable and sustainable development is key to our long-term resilience and success, and our government will continue taking action that helps communities thrive and meet the needs of future generations."
- John Jordan
MPP for Lanark-Frontenac-Kingston
Contact Us
City of Kingston
City Hall
216 Ontario Street
Kingston, ON K7L 2Z3
Canada
contactus@cityofkingston.ca
Phone: 613-546-0000
The City of Kingston acknowledges that we are on the traditional homeland of the Anishinabek, Haudenosaunee, and the Huron-Wendat, and thanks these nations for their care and stewardship over this shared land.
Today, the City is committed to working with Indigenous peoples and all residents to pursue a united path of reconciliation.
Learn more about the City's reconciliation initiatives.
