Richmond Hill awarded $5.94M to support housing and local infrastructure

What happened

• Richmond Hill will receive $5,941,440 from the province’s Building Faster Fund.
• This award follows the city breaking ground on 2,228 new homes in 2025, meeting 83% of its provincially set target.

By the numbers

• Building Faster Fund: three-year, up to $1.2 billion program (provincial description).
• Richmond Hill: 2,228 homes started in 2025; 83% of its 2025 target.
• Ontario (Jan–May 2026): 26,084 housing starts (up 17.2% year-over-year); 13,599 rental starts (up 94.9%).
• York Region investment: over $204 million through the Municipal Housing Infrastructure Program, enabling over 60,000 homes; the release says Richmond Hill also receives over $4 million from that program.

Why it matters

• The funding is meant to pay for infrastructure that supports new housing and growing communities.
• The release connects the payment to broader provincial efforts to speed construction, reduce costs (including recent bills and temporary HST relief), and extend the time municipalities have to spend Building Faster Fund money to 2028.

What’s next

• The city can use the funds for projects that support more housing and community infrastructure. The release does not list specific projects or timelines.