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CMHC allots RHI funds to Yellowknife project

CMHC allots RHI funds to Yellowknife project

YELLOWKNIFE, N.W.T. — The federal government through the Canada Mortgage and Housing Corporation has announced $7.9 million in funding to create 36 affordable homes in Yellowknife, N.W.T.

The project, Aspen Apartments, will convert former federal staff housing into new permanent affordable homes. The new homes will house Indigenous people, women with children and those who are experiencing or are at risk of experiencing homelessness. Once completed, the new homes will be owned and operated by Housing NWT.  

The funding was allocated from the federal government’s Rapid Housing Initiative (RHI).

The RHI provides funding towards the rapid construction of new housing and the acquisition of existing buildings for the purpose of rehabilitation or conversion to permanent affordable housing units. The program supports women and children fleeing domestic violence, seniors, young adults, Indigenous people, people with disabilities, people experiencing mental health and addiction issues, veterans, people of colour, 2SLGBTQI+ individuals and recent immigrants or refugees.

“Through the federal government’s Rapid Housing program, the City of Yellowknife was happy to apply our $5 million contribution to renovate Aspen Apartments, as it is repurposed from federal staff housing to affordable housing for those in need. The city looks forward to seeing this project come to fruition,” stated Yellowknife Mayor Rebecca Alty in a statement.

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