THUNDER BAY – City staff on Monday will seek approval from council to green-light a plan to distribute Thunder Bay’s $20.7-million share of the federal housing accelerator fund.
Residential infill will be sought through the core areas' community improvement plans, the goal to add housing in key areas of Thunder Bay’s multiple downtowns, including Westfort, Port Arthur, and Fort William. The overall goal is to fast-track the development of construction of more than 600 new housing units over the next three years, to reach a total of 1,691 new permitted homes by February 2027.
“At a minimum, applicants will have to put forward a project that has at least 30 per cent of all new units designated affordable, with affordable referring to 80 per cent of the average market rent for our region.”