With long-term funding, the City can build more affordable homes for residents and modernize critical housing-enabling infrastructure like transit.
City building | January 28, 2025
Today, the Honourable Nathaniel Erskine-Smith, Minister of Housing, Infrastructure and Communities, the Honourable Rechie Valdez, Minister of Small Business and MP for Mississauga-Streetsville and Mississauga Mayor Carolyn Parrish together announced federal funding for the second installment of Housing Accelerator Fund as well as transit funding for Mississauga.
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:
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.
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.
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.
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.
“The federal investments in housing and transit announced today are a big step forward for Mississauga. The Housing Accelerator Fund will help deliver on the Mayor’s Housing Task Force recommendations, to build more affordable homes for our residents. Through the Canada Public Transit and Zero Emission Funds, we’ll be able to upgrade our transit system over the next decade, including cleaner buses to support our climate change goals. These initiatives will help make life more affordable, make public transit more reliable and strengthen our city for everyone who calls Mississauga home.”– Mississauga Mayor Carolyn Parrish
“Every Canadian deserves to live in an affordable, sustainable community near quality public transit. Today’s announcements will make a big difference, but our work here isn’t done. We will continue working with Mississauga to advance solutions for housing affordability and sustainability.” – The Honourable Nathaniel Erskine-Smith, Minister of Housing, Instructure, and Communities
“Our government is making historic investments in Mississauga to connect housing, transit, and sustainability. Today’s announcement in Mississauga will ensure more residents can live near reliable and sustainable public transit, making it easier for families to get to work, school, and services. These investments are not just about infrastructure—they’re about making homes more accessible, reducing commute times, and creating vibrant, connected neighborhoods where families can thrive.” – The Honourable Rechie Valdez, Minister of Small Business and Member of Parliament for Mississauga—Streetsville
City of Mississauga Media Relations
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