YELLOWKNIFE, Northwest Territories, February 5, 2002 — The Governments of Canada and Northwest Territories today announced the signing of an Affordable Housing Agreement which will help increase the supply of affordable housing in the territories. Over $45 million in new funding, demonstrates commitment by both governments to work together to address the affordable housing problem.
The announcement was made jointly by the Honourable John Manley, Deputy Prime Minister and Minister of Infrastructure and Crown Corporations and the Honourable Roger Allen, Minister responsible for the Northwest Territories Housing Corporation (NWTHC).
"This agreement means that access to affordable housing will be easier for more people in the territories," said Deputy Prime Minister Manley about the agreement. "This signing follows the meeting of federal, provincial and territorial ministers responsible for housing in Quebec City, on November 30, last year, where we reaffirmed our mutual commitment to joint action on affordable housing. This bilateral agreement between our two levels of government means a great deal to those in need of affordable housing in the Northwest Territories."
Minister Allen said he too was happy with the signing. "There is a need for more affordable housing in the territories and this agreement will help our funding go further. We will work to ensure the affordable housing needs of territorial residents are met for the longer term and this will be done by continuing our close working relationship with the federal government. "
Under the bilateral agreement the territories will use the federal funds for assisted rental housing and affordable home ownership over the next five years.
The NWTHC will provide capital contributions or monthly subsidies to reduce the housing costs to more affordable levels.
In January 2001, the Speech from the Throne indicated the Government of Canada would help stimulate the creation of more affordable housing. The $680 million in federal funding for this initiative was confirmed in the 2001 federal budget on December 10, last year.
Persons and organizations interested in more details on this initiative should contact the NWTHC.
For further information please contact:
Director of Communications
Office of the Deputy Prime Minister
NWT Housing Corporation
Peter De Barros
The 2001 Speech From the Throne indicated the Government of Canada would help stimulate the creation of more affordable rental housing. The federal/provincial/ territorial housing ministers met twice to finalize details of an affordable housing initiative that would address the needs and priorities of individual jurisdictions while meeting the goal of increasing the supply of affordable housing. The final framework was developed and agreed to on November 30, 2001 and includes the following:
Other Government of Canada Housing Support in the Northwest Territories
The $7.5 million federal contribution over the next five years builds on current Government of Canada expenditures on housing in the Northwest Territories. The Government of Canada currently supports housing with $40 million in annual grants, contributions and subsidies which serve low income families, seniors, persons with disabilities, Aboriginal people and victims of domestic violence.
This includes funding for over 2,600 low income households in existing social housing and for renovation programs such as the Residential Rehabilitation Assistance Program (RRAP), Home Adaptations for Seniors' Independence (HASI), Emergency Repair Program (ERP).
Other Government of the Northwest Territories Support in Housing
The Government of the Northwest Territories through its crown corporation the NWT Housing Corporation will spend over $48.5 million in addition to housing funding from the Government of Canada in the Northwest Territories this year. Funding supports the NWT Housing Corporation's wide array of housing programs and subsidies targeted at lower and middle income residents who are in housing need.
Corporation programs support the Territories extensive public housing network as well as homeownership and home repair programs that include the Extended Downpayment Assistance Program (EDAP), Independent Housing Program (IHP), EDAP Repair, IHP Repair, Sale of Housing Materials Program, Northern Territorial Rental Purchase Program, Sale of Public Housing Initiative, Seniors and/or Disabled Maintenance Program, Elders on the Land Initiative. In addition, the NWT Housing Corporation cost shares many of the programs funded by the Government of Canada through the Canada Mortgage and Housing Corporation (CMHC).
Further information is available from the NWT Housing Corporation web site: nwthc.gov.nt.ca
Affordable Housing Program Agreement Summary
Funding under this agreement will create: