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CMHC National Co-Investment Fund – $60 million allocation for the Northwest Territories

Press Release

November 25, 2020

Paulie Chinna, Minister responsible for the Northwest Territories Housing Corporation (NWTHC) issued the following statement today on the CMHC National Co-investment Fund $60 million allocation for the Northwest Territories (NWT).

“As the Minister responsible for the Northwest Territories Housing Corporation, I would like to provide some clarity around the CMHC National Co-investment Fund $60 million allocation for the Northwest Territories.

“First and foremost, we want to get housing on the ground as much as everyone else. We recognize the need to reduce the core housing need across the NWT, we also know that we cannot accomplish this on our own, we need our partners at the table to achieve this goal.

“The $60 million is federal money that is allocated to the NWT, not the Government of the Northwest Territories (GNWT). This fund is to support Indigenous governments, stakeholder and the private sector to apply for 75% dollars to support any local housing project, 25% dollars can be provided by the NWTHC, but that 25% can also come from outside of government as well. The federal funding also provides proposal money up to $150, 000.

“We realize that the application process could be and should be better and I have pressed the Federal government to make improvements, including speaking directly to my counterpart, the Honourable Ahmed Hussen about these processing times. As a result of these conversations, the CHMC has committed to cutting the process time for applications in half.

“There is a suggestion that no progress has been made with regards to this fund. Without breaking confidentiality of the application process, I can say that there are over a dozen projects within the NWT that are at various stages of review.

“A full presentation on the Housing Co-investment Fund was provided to Indigenous leadership at the Northern Housing Summit held in Inuvik from April 23-24, 2019. Further, the GNWT is committed to continuing to support the implementation of this federal program throughout the NWT, including presentations to Community leadership to raise awareness of this funding.

“NWTHC is working closely with the Federal Government to spend this money and get new housing on the ground, especially in communities.

“Recently, the NWTHC has created a Community engagement advisor to promote and market this program and its funding, to assist developers with the applications and also to help communities clarify and identify projects they want to see move forward.
“I am confident that the work we are doing through the NWTHC, that in the coming months the federal government and the GNWT will be in a position to indicate significant housing projects going forward for 2021.

“For anyone that is looking for information or requires assistance in applying, please reach out to the NWTHC. We want to help.  We want to see our residents in homes. Together we can see significant housing projects develop throughout the NWT.”

https://www.nwthc.gov.nt.ca/en/contact-information

https://www.cmhc-schl.gc.ca/en/nhs/co-investment-fund?fbclid=IwAR09zUp57yKtTZWkW5DGRm7H0bYSukWmlZUVelsL4ZnbR74HDHYlVrgD_ik

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