N.W.T. will receive $74.2 million over a 10-year stretch for housing infrastructure from the federal government.
The funding is meant to “accelerate” housing development, and help meet the “growing demand” for affordable housing. Drinking water, wastewater, stormwater and solid waste systems were named specifically as areas where the new funding will be focussed.
“Through this agreement, communities across the Northwest Territories will be able to build or improve the critical infrastructure related to drinking water, wastewater, stormwater, and solid waste – that will in turn help them build more homes,” said Canada Housing Infrastructure in their March 21 announcement.
Michael McLeod, Member of Parliament for the Northwest Territories, said this funding will be “critical” to the growing communities across the region.
“Investing in critical infrastructure like drinking water, wastewater, stormwater and solid waste systems is needed to build more homes, faster across the Northwest Territories,” affirmed MP McLeod.
“Through this partnership, we’re making sure that communities have the infrastructure they need to support families today and into the future,” said McLeod.
Vince McKay, N.W.T’s Minister of Municipal and Community Affairs, said the investment in core infrastructure is “essential” to help strengthen communities across the territories. Minister MaKay praised the move as one that solidifies a long-term commitment from Canada to N.W.T.’s communities.
“This 10-year commitment through the Canada Housing Infrastructure Fund provides stable, long-term support for municipalities to upgrade essential services, improve livability, and ensure they have the infrastructure needed to address local housing needs,” said McKay.
Canada Housing Infrastructure said the funding will go towards projects to increase housing supply as needed to help meet the “demands of a growing population.”
As announced earlier this year, the federal government is investing over $5 billion over a 10-year stretch towards constructing and upgrading core infrastructure to help boost housing growth across the country.
We reached out to MP McLeod’s office and N.W.T.’s legislative assembly for comments and will share them once they become available.
