Peterborough to receive up to $39.9 million after cutting residential development charges in half
The federal and Ontario governments say the deal could support 9,276 new homes and cut new-home building costs by up to $34,302.
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8 Articles
Petrolia nixes development charges for 3 years — in exchange for $2.3M in money from feds, province
Petrolia is set to receive up to $2.3 million in federal-provincial funding to help upgrade fire equipment, improve parks and recreation facilities and buy new equipment and vehicles for public works, according to the province’s housing ministry.
$2.3M committed to support more homes in Petrolia
The Town of Petrolia is planning to waive development charges on new home builds over a three-year period in order to unlock a $2.3 million investment from the provincial and federal governments.The funding commitment, through the Development Charge Reduction Program, was announced at Victoria Hall on Monday.“This is a significant opportunity for our community. It helps encourage new housing and development while allowing us to continue planning…
Petrolia to get up to $2.3 million for infrastructure after scrapping development charges for three years
The Town of Petrolia is receiving up to $2.3 million from the Ontario and federal governments in return for eliminating development charges on all housing types for three years. The town committed to eliminating the charges from March 30, 2026, to March 31, 2029. Through the Development Charge Reduction Program, the funding will go toward […]
Development Charge Reduction Program - Canada and Ontario making homes more affordable in the City of Peterborough
On November 9, the Governments of Canada and Ontario announced that the City of Peterborough is receiving up to $39.9 million through the Development Charge Reduction Program (DCRP) in recogni. . .
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