Government of Yukon launches eighth intake of Housing Initiatives Fund

Press Release

December 17, 2024

The Government of Yukon has opened applications for the eighth intake of the Housing Initiatives Fund. With a commitment of up to $4 million for two different funding streams, this initiative aims to support the development of new affordable housing units across the territory.

The Housing Initiatives Fund supports shovel-ready, partner-led projects with funding to accelerate the delivery of quality, affordable housing for Yukoners. Projects must exceed the National Building Code energy efficiency standards by 25 per cent, ensure that 20 per cent of units in multi-unit buildings are built to accessibility standards and remain affordable (below median market rental rates) for at least 20 years. Additionally, projects must create a minimum of four affordable units in Whitehorse or one unit in rural communities.

Through the program’s year-round project concepts stream, proponents can access up to $20,000 to support the development of affordable housing project proposals and other pre-development activities.

The deadline for the eighth intake of shovel-ready project proposals is March 15, 2025. Applications for project concept funding are accepted year-round.

Since 2018, the Government of Yukon has committed more than $35 million to support projects that will create 931 new units across the territory, including 827 that will remain affordable for 20 years. By supporting private developers alongside partners like the Northern Community Land Trust Society, Da Daghay Development Corporation, Normandy Living, Boreal Commons, Opportunities Yukon and the Safe at Home Society, it has created economic opportunities, strengthened communities and addressed the Yukon’s diverse housing needs.

The Housing Initiatives Fund helps Yukoners play a key role in creating affordable housing solutions within their own communities. By supporting the development of more affordable rental properties and new homes, this program directly improves the lives of individuals and families across the territory. As the eighth annual intake opens, the Housing Initiatives Fund continues to be a vital resource in easing the housing pressures that impact so many Yukoners.

Premier and Minister responsible for Yukon Housing Corporation Ranj Pillai

Quick facts

• Proponents must be Yukon residents (with proof of residency) or registered Yukon businesses.
• Eligible applicants include community housing providers, First Nations governments and development corporations, municipalities and private sector organizations or individuals, committed to completing shovel-ready projects within two years.
• Shovel-ready construction projects may be eligible for up to $100,000 per unit, with a maximum of $1 million per project.
• Additional consideration will be given to projects that address diverse housing needs in the Yukon, including housing for seniors, tenants earning below Yukon Housing Corporation’s household income limits, individuals experiencing homelessness, youth aged 18 to 25 and First Nations-led initiatives.
• Funding can be combined with other Yukon Housing Corporation programs, such as the Municipal Matching Rental Construction Program and the Developer Build Loan Program, as well as federal funding initiatives.

Media contact

Laura Seeley
Cabinet Communications
867-332-7627
laura.seeley@yukon.ca

Kim Sheridan
Communications, Yukon Housing Corporation
867-667-8818
kim.sheridan@yukon.ca

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