City of Thunder Bay Taskforce Meeting Agenda Packet May 2026
City Boosts Affordable Rental Housing Funding to $5.58M
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Description
Thunder Bay City Council established and funded the Affordable Rental Housing Funding Program with an initial $1.52 million allocation in May 2024, later increasing the total to $5.58 million in October 2024. The funds support contribution agreements with six eligible not-for-profit housing projects to build new affordable rental units.
Contract Details
Contract Amount
$1,520,000 initial allocation; increased by $4,060,000 to $5,580,000 total
Vendor
AFFORDABLE RENTAL HOUSING FUNDING PROGRAM
Agency
City of Thunder Bay, Canada
Contract Type
FINANCIAL_SERVICES
Document Date
May 20, 2026
Renewal Date
2026-09-30
Renewal Info
Program-level funding decision; six underlying contribution agreements with not-for-profits are active as of April 27, 2026, with permit and occupancy milestones and extensions allowed to September 30, 2026.
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