Thunder Bay opens new grant intake for housing developers
A new grant intake from Thunder Bay is supporting multi-unit and core area housing development.
Open for applications are the Multi-Unit Residential Grant, which supports projects creating two or more self-contained residential units, and the Construction Assistance Grant, designed to stimulate new residential development in strategic core areas.
The two programs are delivered by the federal Housing Accelerator Fund. Project Manager Summer Stevenson says these grants are part of a larger initiative to build 1,755 new homes by February 28, 2027.
“Across all our grant programs, which these two are a component, we’ve committed over $11.3 million in funding to support the construction of 602 new units (in Thunder Bay)”, Stevenson said. “Many of these are affordable units as well, which is great to see.”
If Thunder Bay meets the growth target of 1,755 new homes in time, the city will be eligible for another grant intake through the Housing Accelerator Fund.
“So this intake, we’re looking for projects that are shovel ready and will be able to meet that February deadline,” Stevenson said.
Stevenson said proposals that incorporate elements of energy efficiency, accessibility and affordability will be prioritized during the evaluation process.
