Governments of Canada and Nunavut Extend Funding to Offer More Affordable Housing Solutions in Nunavut

IQALUIT, November 10, 2014 — Together, the Governments of Canada and Nunavut announced the five year extension of the Investment in Affordable Housing Agreement (IAH) for 2014 to 2019. This cost-match agreement provides Nunavut with a $15 million investment over the next five years for new affordable housing, in addition to the supplementary $100 million for additional housing for Nunavut announced through Economic Action Plan 2013 (EAP 2013).

“Our Government is committed to investing in affordable housing in the North and making our communities better and our country stronger, said the Honourable Leona Aglukkaq, Minister of the Environment, Minister of the Canadian Northern Economic Development Agency and Minister for the Arctic Council on behalf of the Honourable Candice Bergen, Minister of State (Social Development). This investment is improving the quality of life of low-income Canadians, and will create jobs and opportunities for apprentices in communities.”

“The $100 million in supplementary funding is a welcome sign that our persistent efforts to demonstrate Nunavut’s unique needs to the federal government are being recognized, said Honourable George Kuksuk, Minister responsible for Nunavut Housing Corporation. We see the extension of the IAH agreement, which represents $1.45 million per year for five years from both parties, as an opportunity to continue working with our federal partners towards a long-term housing solution for Nunavut.”

The EAP 2013 $100 million additional funding represents a two year federal investment in recognition of Nunavut’s distinctive need for support with new affordable housing. This announcement includes the second year of funding for $70 million dollars. The first year of this funding—$30 million—was announced in September 2013. On December 15, 2011, the Governments of Canada and Nunavut announced an IAH agreement with a combined investment of close to $9 million for the 2011-2014 period. This new agreement extends the original agreement for the 2014-2019 period with an additional investment of $15 million. From April 2011 to September 2014, the IAH has already helped more than 189,000 households nationally, and close to 94 in Nunavut.

Under the IAH, Nunavut has the flexibility to design and deliver a range of affordable housing programs to address local housing needs and priorities. Nunavut has decided to build only new units to address the territory’s high rates of overcrowding.

The federal portion of this funding comes from EAP 2013, which announced the Government of Canada’s commitment to investing more than $1.25 billion nationally over five years to extend the Investment in Affordable Housing and to creating opportunities for apprentices, which will support the training of skilled labour in residential housing. Governments will report annually to the public regarding the investments and progress toward achieving the intended outcomes of the IAH.

The Government of Nunavut, through the Nunavut Housing Corporation, aims to ensure fair access to a range of affordable and adequate housing options for all Nunavummiuts. For more details, please visit www.nunavuthousing.ca.

To find out more about how the Government of Canada and Canada Mortgage and Housing Corporation help Canadians meet their housing needs, call CMHC at 1-800-668-2642 or visitwww.cmhc.ca/affordablehousing. For more information on Canada’s Economic Action Plan, call 1-800-O Canada or visit www.actionplan.gc.ca.

Backgrounder: For information on the Investment in Affordable Housing click here.

Media please contact:

Tim Brown
Communications, Nunavut Housing Corporation
867-975-7200, ext. 7207
tbrown@gov.nu.ca

Charles Daniel Mainville
Senior Consultant, Communications and Marketing
Canada Mortgage and Housing Corporation
403-515-2915
cdmainvi@cmhc-schl.gc.ca

NT5

NationTalk Partners & Sponsors Learn More