Thunder Bay has rolled out more grants aimed at getting more homes built in the community.
“Thunder Bay is growing, and we need more housing units and greater density to support that growth and improve affordability. Part of that plan includes financial incentives to develop housing,” said Mayor Ken Boshcoff. “The goal is to add density with infill development, increased rental units, and additional units.”
The Additional Dwelling Units Grant aims to incentivize homeowners to add an extra dwelling, to their property.
The maximum value of the grant is up to 100 per cent of eligible costs, to a maximum of $20,000 per unit, plus up to an additional $10,000 through the Servicing Grant should water and sewer connection upgrades be required.
ADU Grant applications are being accepted on an ongoing basis, while funding lasts.
The Multi-unit Residential Grant looks to improve housing supply options by providing financial incentives to developers to support well-constructed, safe, and maximum-density multi-unit residential buildings.
The grant may fund up to 100% of eligible costs, with a maximum of $25,000 per unit above the 70% density threshold of the zone.
The maximum total grant value is $300,000 per property. Applications for intake one are open until October 27.
Properties that applied for a building permit after February 29, 2024, remain eligible to apply for these programs.
Applicants may also apply for the Planning and Building Permit Fees Grant to receive up to $10,000 towards fees for planning applications or building permits.
For more information or to apply, click here.