Ontario Providing More Funding to Build Long-Term Care Homes

New funding will help get much-needed long-term care projects built sooner

The Ontario government is investing $155.5 million this year to help fast-track the construction of new or redeveloped long-term care homes. This funding, through the 2024 Ontario Budget: Building a Better Ontario, is part of the government’s $6.4 billion plan to build 58,000 new and upgraded long-term care beds across the province.

The construction funding subsidy was first introduced in 2022, helping get shovels in the ground for 67 projects across the province and resulting in the largest construction campaign the ministry has achieved in a single year. Based on this success, the province is providing the construction funding subsidy for a second year.

Eligible projects that are approved to construct by November 30, 2024 will receive an additional construction subsidy of up to $35 per bed, per day for 25 years. In addition, eligible not-for-profit applicants will be able to convert up to $15 of the supplemental funding into a construction grant payable at the start of construction, to help increase the project’s up-front equity and make it easier to secure financing.

The government is fixing long-term care to ensure Ontario’s seniors get the quality of care and quality of life they need and deserve. The plan is built on four pillars: staffing and care; quality and enforcement; building modern, safe and comfortable homes; and connecting seniors with faster, more convenient access to the services they need.