NT: Yellowknife May Guarantee New Eco Housing Project

The city is considering acting as a loan guarantor for a 24-unit environmentally-friendly and “affordable” housing project downtown.

City council adopted a report by Yellowknife-based consulting firm Stantec Consulting July 25, which cost the city $145,000, that explored options for developing energy-efficient and affordable housing downtown, an idea which arose from the city’s Smart Growth Committee. The project, with an estimated cost of $6 million, is called Eco-housing.

City councillors David Wind and Mark Heyck faced off on whether the plan means the city will be creating “social housing.”

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