Through the Municipal Infrastructure Investment Initiative (MIII), the province is investing $98 million in funding over three years to help municipalities identify and prioritize their infrastructure needs and fund critical projects.
Municipalities seeking provincial capital funding will now be required to submit a detailed asset management plan. Asset management funding is helping communities that are in need of support achieve a best practice in asset management. Best practices in asset management will allow municipalities and Local Services Boards (LSBs) to identify and prioritize the long-term needs of their infrastructure.
Through the MIII Asset Management Program, the Province is making $8.25 million available to small and rural communities to assist them in preparing detailed asset management plans. Expressions of Interest for this funding were accepted from August 16, 2012 to October 22, 2012. In 2012-13, the province is making $8.25 million available to 358 small and rural communities.
Municipalities are responsible for the maintaining of Ontario’s social housing. Service managers across the province are responsible for administering approximately 230,000 units working under both federal and provincial guidelines and legislations. Overall, municipalities own 53 per cent of Ontario’s social housing stock.
Through the MIII Social Housing Fund, the Province is making $750,000 in funding for asset management planning available to Consolidated Municipal Service Managers over three years. Expressions of Interest for asset management funding under the MIII Social Housing Fund were accepted from August 16, 2012 to October 22, 2012. The Province is making $750,000 available to 37 Consolidated Municipal Service Managers over three years.