The city will be signing on to the province’s target for 1,000 new homes to be built in North Bay by 2031.
Councillor Justine Mallah, chair of Community Services, says by signing the housing pledge with the province, the city would be eligible for up to $800,000 from the Building Faster Fund.
She says several initiatives have already been started to create housing and the city has also applied for federal Housing Accelerator Funding.
“If we’re successful through this funding the city anticipates that 837 units would be constructed within a three-year period which would put us on track or exceed the target of 1,000 new units within 8 years,” Mallah says.
Councillor Mark King says it’s no secret more housing, especially affordable housing is needed in the city.
“I’m strongly in support of the direction that is taking place and certainly the District of Nipissing Social Services Administration Board will do everything that is possible to facilitate the building of affordable homes in the future,” he says.
City staff will now prepare a housing pledge to be considered by council before mid-December.