City charging up to offer housing grants

Members of the Mayor's Task Force on Building More Homes joined Thunder Bay Mayor Ken Boshcoff to unfurl a banner at city hall, starting the city's Let's Build Thunder Bay campaign as part of the Housing Accelerator Fund (HAF).
In February, Prime Minister Justin Trudeau made a visit to the city to announce approval for Thunder Bay to receive $20.7 million in federal funding from the Housing Accelerator Fund. The funds aim to support the development of over 600 new housing units over the next three years, to reach a total of 1,691 new permitted homes by February of 2027.
Boshcoff is also the chairman of the Mayor's Task Force on Building More Homes, which was assembled following the funding announcement.
He said the goal of the task force is to help guide and deliver the housing initiatives that this new fund allows and to recommend additional strategies and actions to accelerate development in the community.
"City council's vision is for a city that is prosperous, compact, affordable, vibrant and sustainable," he said in a news release. "These funds provide an opportunity to shape the future of Thunder Bay, and that is what we are here to achieve."
The city's housing accelerator action plan includes eight initiatives aimed at increasing housing development.
The financial incentives are available to everyone starting a building project. The funds will be allocated in the form of grants meant to achieve a range of housing options and affordability levels. It is expected to help improve the city's financial position by adding density within existing serviced areas.
Two grants are now available, including the Affordable Rental Housing Funding Program and the Construction Assistance Grant Program.
Coming soon are the Additional Dwelling Units Grant, Servicing Grant, and a Multi-unit Residential Grant.

Sandi Krasowski, Local Journalism Initiative Reporter, The Chronicle-Journal