The governments of Canada and Yukon have finalized a 10-year agreement under the Canada Housing Infrastructure Fund (CHIF).
Through this agreement, communities across the Yukon 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. Yukon will receive $74.2 million from Canada and will contribute $24.7 million to address their housing-enabling infrastructure priorities. This long-term predictable funding will accelerate housing development, increase densification, and help meet the growing demand for affordable housing.
“Investing in critical infrastructure like drinking water, wastewater, stormwater and solid waste systems is needed to build more homes, faster across Yukon. This 10-year agreement will support communities, while advancing our shared housing objectives and needs,” said Dr. Brendan Hanley, Member of Parliament for Yukon, on behalf of the Honourable Nathaniel Erskine-Smith, Minister of Housing, Infrastructure and Communities.
Under CHIF, funding is available over ten years to support long-term provincial and territorial infrastructure priorities that will directly enable increased housing supply. Such initiatives could include projects that provide the critical infrastructure necessary to enable more homes or increase densification, provide the drinking water, wastewater, and stormwater systems required to support community growth, preserve existing capacity or increase reliability and access to drinking water, or implement waste diversion initiatives to reduce landfill use.
“The Government of Yukon is pleased to collaborate with the Government of Canada in securing this new funding agreement, which will help address our territory’s growing housing needs. Over the next decade, this long-term, secure investment through the Canada Housing Infrastructure Fund will not only support the development of much-needed affordable housing but also accelerate growth and improve the lives of Yukoners,” said The Honourable Ranj Pillai, Premier and Minister responsible for the Yukon Housing Corporation.
By working together to invest in drinking water, wastewater, stormwater, and solid waste projects across the Yukon, we help ensure that all Yukoners have the capacity to support housing projects that meet the demands of a growing population.