Nunavut Housing Corp., Inuit-owned firm reach development deal
Not clear whether agreement in principle includes any financial obligations
Nunavut Housing Corp. is partnering with Iqaluit-based, Inuit-owned NCC Development Ltd. to develop housing units across Nunavut.
The two organizations entered into an agreement in principle on Aug. 18. It will allow them to provide “much-needed transitional, public, affordable and market housing units across the territory,” according to a news release.
They said the agreement will also help the housing corporation and NCC pursue shared priorities such as developing the Inuit workforce and providing Inuit with meaningful opportunities in construction, as well as creating housing that provides high customer satisfaction.
It isn’t clear if there is any financial commitment attached to the agreement.
Lorne Kusugak, the minister responsible for the housing corporation, said in the news release the agreement “demonstrates our collective desire to create more affordable housing options for Nunavummiut across all communities through new and innovative approaches to design, procurement and construction.”
The text of the agreement in principle cites the 2018 National Housing Survey that showed 35 per cent of all homes in Nunavut are overcrowded, require major repairs or are considered unaffordable.
It also estimated the territory currently is 3,500 to 4,000 housing units short of what’s needed to meet demand.