DESCRIPTION
The proposed development is a four-storey mixed-use building, comprising a vibrant and essential blend of commercial and residential spaces. At the heart of this project is a commitment to supporting the community of Iqaluit by providing both affordable housing and critical commercial space for non-profit services. Above the commercial space, the building will offer 48 affordable housing units, including a mix of one-bedroom, two-bedroom, and three-bedroom apartments, and a common area space for resident use.
DETAILS
Affordability Framework
Project will meet previous NHS Affordable Housing targets of 30% of units 80% or under market rent.
Target Completion Date
Populations Served
Indigenous
Total Project Cost
$66,000,000
Total Units
48
Affordable Units
15
Project Funding
Funding Required
Pre-development funding to take the project from Schematic Design to Tender - $3,038,000 - immediate need to complete design $1.9M and remaining over the next 12 months.
Funds Raised
$75K Community Housing Transformation Centre
$871K from Nunavut Tunngavik Inc. for land (lease) purchase
$85K owner funds
Use of funds
The funds will bring the project from concept design to construction ready; putting Uquutaq in the position to apply for Build Canada Homes funding and funding from Nunavut Housing Corporation's Nuna3000 initiative.
Human Impact Story
The most recent tenant in our current affordable housing project of 11 units is a young mother. She and her two chidlren were evicted from her previous housing when her father died. She was not listed on the lease. She had to send her children to another community to be cared for while she couch-surfed for two months, entering an internship program with the government designed to assist Inuit in obtaining government careers. When she got housing with Uquutaq, she was able to bring her children back to Iqaluit and start a new life.
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