stratford receives rural economic development funding
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Stratford receives Rural Economic Development funding

The City of Stratford and investStratford have received a Rural Economic Development or RED grant from the province.

A release from the city says the new $80,000 in grant funding will be used for Phase 2 of the Stratford Attainable Housing Project. The project stems from the Stratford Housing Project: A Road Map for Attainable Market Housing Development report, which first received RED funding in 2020 and was adopted officially by Stratford City Council in 2021. The release for the newest grant states that the “Phase Two Project will assist with the development of an implementation work plan and an incentives toolkit program for the consideration of City Council in 2023. The aim of the project is to develop programs designed to create more attainable market housing in Stratford. Stakeholder and public consultations will be scheduled in the future to inform next steps.”

The release also shares that the City of Stratford and investStratford see addressing attainable housing as a key factor in Stratford’s pandemic recovery and workforce retention and attraction efforts.

“The City of Stratford and investStratford are grateful for the continued support of the Ontario Ministry of Agriculture, Food and Rural Affairs and the Rural Economic Development Program funding which assists with the implementation of the ‘Stratford Housing Project: A Road Map for Attainable Market Housing Development’ report. The project aligns with the workforce development priorities of investStratford and the Strategic Priorities of City Council relating to increasing affordable housing and residential development at all levels of affordability,” says Stratford Mayor Dan Mathieson.

“Our government is working with our municipal partners to solve the housing crisis, and this RED funding will help build a Community Toolkit to support the development of attainable housing right here in Perth-Wellington,” adds Perth-Wellington MPP Matthew Rae.

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