The sixth intake of the Housing Initiatives Fund (HIF) is supporting 11 shovel-ready projects throughout Yukon, which will construct approximately 159 new affordable homes across the territory.
Shovel-ready projects in Whitehorse will be led by the following proponents:
- Habitat for Humanity;
- Council of Yukon First Nations; and
- Grey Mountain Housing Society.
Shovel-ready projects in Yukon communities will be led by the following proponents:
- First Nation of Nacho Nyak Dun;
- Teslin Tlingit Council;
- Selkirk Development Corporation;
- Champagne and Aishihik First Nation;
- Vuntut Gwitchin First Nation; and
- Three led by individual proponents.
Two project concepts are also being funded to eventually contribute to the creation of more homes.
Project concepts will be led by the following proponents:
- Klondike Institute for Arts and Culture in Dawson City; and
- Son of Mendel Inc. in Dawson City.
HIF-funded projects support affordable housing in Yukon in the long run. Since 2018, HIF has provided over $28 million for 56 construction projects. 24 are complete, and 32 are either in progress or about to start. In total, the fund is supporting the construction of 799 new homes in Yukon, of which 645 meet affordability standards.
The next intake for the Housing Initiatives Fund is planned for November 2023.
Our government is guided by the recognition that every Yukoner should have a place to call home. Through programs such as the Housing Initiative Fund, we are demonstrating our government’s commitment to increasing the availability of safe, affordable housing across the territory.
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The sixth call for Housing Initiatives Fund projects ran from November 14, 2022 to February 3, 2023. The Yukon Housing Corporation received a total of 24 applications.
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The Housing Initiatives Fund requires that units are energy efficient, that 20 per cent of the units in multi-unit buildings are accessible and that units remain affordable for 20 years.
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There are three streams of funding: shovel-ready projects in Whitehorse, shovel-ready projects in rural Yukon and project concepts, which will help recipients get the type of support they need to move their projects forward.
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Some of the larger projects that previously received funding under this program and are now complete including the newly opened 87-unit Boreal Commons rental facility, the 53-unit mixed-income Cornerstone Building and the 84-unit Normandy Living.
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Housing Initiatives Fund funding can be used together with other Yukon Housing Corporation programs such as the Municipal Matching Rental Construction Program, the Developer Build Loan Program and federal, First Nation and Municipal funding initiatives.
Jordan Owens
Cabinet Communications
867-332-0615
jordan.owens@yukon.ca
Julie Ménard
Senior Communications Advisor, Yukon Housing Corporation
867-332-7302
Julie.Menard@yukon.ca