Brampton, ON. (March 10, 2022), – Today, Regional Council approved an Interim Financial Incentive Program that will provide extended Development Charges (DC) deferrals and grants-in-lieu of DCs to help support eligible new Long-Term Care Homes (LTC) and Hospice developments in Peel. Health care facilities such as long-term care homes and hospice play critical roles in our community. These services have struggled to keep up with…, How the interim financial incentive program will work, The health care system is primarily a provincial responsibility to be funded through income taxes. Municipalities, however, have been confronted with various requests for financial support. One of the most effective ways to strengthen long-term care and palliative services is to support development of new care units. This interim financial incentive program may help bolster LTC and Hospice…, Additional Information, Council Report (March 10) Development Charge Interest Rate Policy (Council Report Appendix I) Interim Financial Incentive Program for New Long-Term Care Homes and Hospice Development in Peel (Council Report Appendix II) Now more than ever, we must maintain our critical path on project construction for urgently needed long term care and hospice projects in Peel. These collective efforts generate…, Media contact, Genevieve Ricciardella Communication Specialist Region of Peel Tel: 905-965-5967
Type: Press Release
