Habitat for Humanity Thunder Bay has delayed its newest housing project due to changes in federal affordable housing funding.
The organization had planned to begin construction this spring on a $1.2 million triplex on Simpson Street, which would provide homes for three families, including one accessible unit. However, the launch of Build Canada Homes, a new federal agency, has created uncertainty about how much funding will be available.
Instead of moving forward with unclear finances, the group has decided to wait and make sure the project is sustainable. The build is now expected to start in 2027.
CEO Todd Davis said the organization is concerned about starting construction without guaranteed funding, especially since government support can range from $60,000 to $90,000 per unit. Rising construction costs, expensive materials, and fewer volunteers are also making it harder to build affordable housing.
Habitat for Humanity helps low-income families become homeowners through no down payment and interest-free mortgages. Families must also volunteer 500 hours to support the organization.
While discussions about funding continue, the group is still raising money through its ReStore, a 50/50 raffle, and a radiothon planned for May. Davis also said a new federal tax rebate for first-time homebuyers could help future homeowners save money.
