This is the best summary I could come up with:

Applications opened Wednesday for two streams in the federal government's new $30-billion public transit fund, even though the money won't start flowing for another two years, Prime Minister Justin Trudeau said.

"We're stepping up with the kind of predictable, long-term transit funding that means our partners, like the City of Toronto and (Mayor) Olivia Chow, can plan for not just the next couple of years, but for the next decade and beyond," Trudeau said.

That plan includes eliminating mandatory minimum parking requirements for new construction and allowing high-density housing projects near transit.

The money isn't set to flow for until 2026 but applications have opened for the baseline funding and the metro agreements to allow cities to start planning.

Housing Minister Sean Fraser said Wednesday it's important to build public infrastructure to withstand the impact of severe weather events.

Parts of the city saw a month's worth of rain in a single day, beating the previous record set in 1941.

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