Nunavut Housing Corporation (NHC) is pleased to announce a modernized suite of housing programs in support of Igluliuqatigiingniq, the Nunavut 3000 strategic plan for “building houses together”.

Nunavut Affordable Housing Supply Incentive (NAHSI), NHC’s new flagship program targeted to housing developers and builders to increase the supply of affordable housing, will help to meet the Katujjiluta commitment to expand Nunavut’s housing continuum. Affordable housing refers to housing available on the market for rent or purchase that is at minimum 20% below market rates and therefore made more affordable for individuals and families.

To incentivize the development of affordable units for rent or sale, NAHSI provides capital in the form of 10-year forgivable loans of $150,000 for each eligible unit, including single family dwellings, residential multiplexes, condominiums, cooperatives, and modular homes. Eligible applicants include Inuit organizations, private sector housing developers and builders, municipalities, and non-profit organizations who seek to create affordable housing in Nunavut.

The NAHSI program complements NHC’s modernized suite of homeownership support programs which includes the reintroduction of the Nunavut Homeownership Assistance Program (HAP 2.0) to support Nunavummiut to build their own homes. For existing homeowners, enhanced repair programs will broaden the eligibility and provide higher funding levels. Increased assistance will also be available under the Nunavut Down Payment Assistance Program (NDAP).

“We need to expand the range of housing choices available to Nunavummiut,” said the Minister responsible for the Nunavut Housing Corporation, Lorne Kusugak. “The NAHSI program introduces a bold new approach to bridge the affordable housing gap. NAHSI provides builders and developers with financial support to accelerate the supply of affordable rental and homeownership units. The modernized suite of homeownership programs responds to what we heard from Nunavummiut. We are focused on offering programs that reach more Nunavummiut and provide increased financial support. This will help Nunavummiut to afford homeownership and maintain Nunavut’s existing housing supply. Taken together, these programs will help Nunavut achieve our goal of 3,000 new housing units by end of 2030.”

NHC is accepting applications for NAHSI now, while applications for modernized homeownership support programs will open in the coming months. Details will be available on NHC’s website, which has been redesigned to improve access to information and support documentation for Nunavummiut to apply for these programs.

For more information about the full suite of NHC housing programs, please visit http://www.nunavuthousing.ca/.