Eight Affordable Housing Units Under Construction in Dawson

DAWSON, YK, Oct. 18, 2018 /CNW/ - An 8-unit affordable rental housing project is receiving support from the Governments of Yukon and Canada. Under construction by the Klondike Development Organization in Dawson, the project received $900,000 through Yukon Housing Corporation's Affordable Housing Construction Program and the Municipal Matching Construction Program.

The Affordable Housing Construction Program is made possible under the Canada-Yukon Investment in Affordable Housing agreement. Under the program, units must be rented at average, or below average market rent for the next 20 years. The Municipal Matching Construction Program matches contributions from municipal governments that allow the construction of new rental units across Yukon.

Quotes:

"This new housing project will increase the amount of affordable housing options in downtown Dawson, and demonstrates how different levels of government can work together to address housing pressures in Yukon. We will continue to work with partners to provide community organizations and developers with financial support to build affordable housing options for Yukoners." ? Pauline Frost, Minister Responsible for the Yukon Housing Corporation

"Our government believes that every Canadian deserves a home that is safe, adequate and affordable. Funding rental housing projects like this, in collaboration with the Government of Yukon and local partners like the Klondike Development Organization, are vital to improving quality of life and keeping homes safe and affordable here in Dawson, and in communities across Yukon." ? Larry Bagnell, Member of Parliament for Yukon

"KDO is very pleased to have a second apartment building underway. We would like to thank all who believed in our vision and committed to addressing the housing need in Dawson City." ? Jackie Olson, President, Klondike Development Organization

Quick facts:

• This is the second affordable housing project developed in partnership between the Klondike Development Organization and the Governments of Yukon and Canada. The first project officially opened in May 2017.
• The Government of Canada is currently rolling out its National Housing Strategy (NHS)?an ambitious 10-year, $40 billion plan that will create 100,000 new housing units and lift 530,000 families out of housing need as well as repair and renew more than 300,000 housing units and reduce chronic homelessness by 50 percent.
• The NHS is built on strong partnerships between federal, provincial and territorial governments, and on continuous engagement with others including municipalities, Indigenous governments and organizations, and the social and private sectors to make a meaningful difference in the lives of Canadians.

Associated links:

As Canada's authority on housing, CMHC contributes to the stability of the housing market and financial system, provides support for Canadians in housing need, and offers unbiased housing research and advice to all levels of Canadian government, consumers and the housing industry. For more information, please visit cmhc.ca or follow us on Twitter, YouTube, LinkedIn and Facebook.

To find out more about the National Housing Strategy, visit www.placetocallhome.ca

To learn more, visit Yukon Housing Corporation and Housing Action Plan for Yukon.

SOURCE Canada Mortgage and Housing Corporation