Le LÚzard
Classified in: Business
Subjects: NTA, CFG, DEI


IQALUIT, NU, Oct. 3, 2023 /CNW/ -áToday, the Honourable Sean Fraser, Minister of Housing, Infrastructure and Communities, announced a combined investment of nearly $30 million in funding for Nunavut. This investment from the Federal Government through the Rapid Housing Initiative (RHI) Projects Stream and the Qikiqtani Inuit Association (QIA) will help create 21 new rental units for ten projects across five Qikiqtani communities including Grise Fiord, Resolute Bay, Clyde River, Arctic Bay and Pond Inlet.

These projects will include a mix of affordable, accessible, four-bedroom detached units and three-bedroom semi-detached dwellings designated for Indigenous residents and women.

The breakdown of funding for these projects is as follows:

This is made possible by the Government of Canada's additional investment of $1.5ábillion through RHI, bringing the program's total to $4ábillion to support the country's most vulnerable. The additional funding for the third round of RHI will be divided into two streams: $1ábillion through theáProjects Streamáand $500ámillion towards theáCities Stream. This investment is expected to create at least 5,200 more affordable housing units for Canadians in severe housing need across the country, with 25% of investments going towards women-focused housing projects. The total number of units created with all three phases of the RHI is now over 15,500 across Canada.


"Through the Rapid Housing Initiative, we are quickly providing new affordable homes for people who need them most, including for Inuit communities in Nunavut. This investment will provide a mix of affordable and accessible units for those who need it the most. Today's announcement shows what is possible when governments and our housing partners work together to give people a place to call home."á? The Honourable Sean Fraser, Minister of Housing, Infrastructure and Communities

"Everyone deserves an affordable and safe place to call home. In partnership with the Qikiqtani Inuit Association, our government is investing almost $18 million to help build 21 new homes for those who need them most in communities across Nunavut. Building sustainable housing in the North is an investment in the future of all these communities, which will soon have new homes for those in core housing need." ? The Honourable Dan Vandal, Minister of Northern Affairs, Minister responsible for Prairies Economic Development Canada and Minister responsible for the Canadian Northern Economic Development Agency

"QIA is proud to play a role in addressing the housing crises in Nunavut. Positive working relationships are essential along with the continued investment towards improving the infrastructure gap in Canada's Arctic. An additional $18 million in funding, added to our $134 million affordable housing project, will ensure more homes are being built" ? Olayuk Akesuk, President of Qikiqtani Inuit Association

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SOURCE Canada Mortgage and Housing Corporation (CMHC)

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