The town of Woodstock gets funding for housing

The city of Woodstock has exceeded housing goals last year, which means funds are being received.

WOODSTOCK – The Town of Woodstock will see money from the Building Faster Fund.

By 2023, the city exceeded the annual housing goal, and as a result, they will receive close to $2 million. The funding will help address the housing crisis by supporting the development of new housing options. The 2023 housing target for Woodstock was 403 units, and through ongoing collaboration with the Ministry of Municipal Affairs and Housing and the Canadian Mortgage and Housing Corporation, the revised number of actual housing starts recorded in 2023 was 475.

Mayor Jerry Acchione says, “This is incredible news for our community. We know people everywhere are struggling, and this significant investment in Woodstock will help us remove some of the barriers locally to ensure residents have safe, affordable housing , that meet their family’s needs.”

Last December, the city made a housing pledge, which outlined a commitment to work with the province and stakeholders to address the housing crisis and ensure there are safe, affordable and adequate housing options for Woodstock residents.