This is a joint news release with 45358 Yukon Inc.
45358 Yukon Inc. officially completed the construction of 12 new affordable homes in the neighbourhood of Copper Ridge in Whitehorse. The homes are already fully tenanted and rented as per the median rent determined by the Yukon Bureau of Statistics. The housing project includes two accessible, barrier-free homes located on the first floor.
The project received $500,000 from the Yukon Housing Corporation’s Housing Initiative Fund (HIF), which supports the development of affordable housing in the territory. All projects under the Housing Initiatives Fund are required to be 25 per cent or more energy-efficient than the National Building Code. For this project, 45358 Yukon Inc. installed solar panels to help offset rising electrical rates and reduce the building’s emissions. The building meets and exceeds the minimum energy code requirements by 52 per cent.
This project will help provide more affordable, well-located and energy-efficient housing options to Yukoners, including access to on-site electric vehicle charging stations.
The Housing Initiatives Fund continues to support our housing partners in building more affordable homes for Yukoners. This new project is giving 12 Yukon families a safe and affordable place to call home and strengthening the community of Copper Ridge. I look forward to continuing to work with private developers, First Nation governments and community partners to build more homes that meet the needs of Yukoners.
Minister responsible for the Yukon Housing Corporation Ranj Pillai
We would like to recognize and send our appreciation to the local Royal Bank of Canada, Yukon Housing Corporation and the City of Whitehorse for supporting this project. Thanks to their financial support and belief in this project, this complex of rental units will be affordable to tenants for the next 20 years.
45358 Yukon Inc.
The Housing Initiatives Fund supports the development of affordable housing options for Yukoners and aims to meet housing needs across the housing spectrum.
To date, through five successful intakes, the Housing Initiatives Fund has supported more than 600 new units and approximately 470 affordable units in the territory.
Through the first three intakes, 20 projects have been completed, adding a total of 131 housing units in the territory.
The Housing Initiatives Fund allows for a 24-month timeline for completion, which reflects the challenges imposed by the short construction season resulting from the territory’s climate. Projects under the third and fourth intake of HIF are either starting or working towards completion.
45358 Yukon Inc., the tenants of the building complex and the community helped raised $1,000 with a garage sale for a tenant’s 14-year-old niece who is suffering from leukemia.
45358 Yukon Inc, would like to extend their appreciation to Home Hardware, Northern Windows and Doors, Emco, Inspired Interiors, Kilrich, Arctic Backhoe, The Brick, Dorward Engineering, Solvest, RC Crane, Black Gold Paving, H Coyne & Sons and dozens of other local contractors and engineers who worked through the pandemic and supply chain issues to complete this project.