City seeks up to $50M to jolt housing development

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THUNDER BAY — An ambitious application for federal funding could help the City of Thunder Bay jolt local housing development.

Joel DePeuter, the city’s director of development services, acknowledged the city will face stiff competition for the federal dollars, and is unlikely to receive the full $50 million it’s seeking on paper. Thunder Bay’s draft plan leans heavily on financial incentives, proposing grant programs to encourage accessory units in existing homes, conversion of parking lots to housing, and infill development in core areas.

Some incentive funding could support new subdivisions, DePeuter said, but he added infill would be emphasized. However, based on current trends and without support from the housing accelerator program, the city is on track for just 521 new builds in that time frame, staff reported.

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