Home » Newswire » $240M for Nunavut housing ‘nowhere near’ what territory needs, says housing corp. – CBC
$240M for Nunavut housing ‘nowhere near’ what territory needs, says housing corp. – CBC
by ahnationtalk onDecember 7, 201797 Views
Dec 06, 2017
Terry Audla says it would take about 60 years to address Nunavut’s housing crisis at this rate
The president of Nunavut Housing Corporation says the $240 million contained in last month’s national housing strategy will be a fraction of what the territory actually needs — only producing a few dozen more homes in Nunavut per year.
Terry Audla says the new money, spread out over the next 10 years, only allows for “business as usual” and is not the cash influx the territory needs to catch up on its housing deficit.
“That translates to $24 million per year, which comes to about 48 newly constructed units per each year,” said Audla.