NCCD is a large, successful developer of commercial and residential properties, including the recent 100 room hotel built in Iqaluit and the current mixed-use development near the Nunavut Arctic College in Iqaluit.

The Nunavut Housing Corporation’s partnership with NCCD envisions building up to 2,000 units including approximately 200 transitional housing units, 925 public housing units, 600 affordable housing units, and 275 market housing units. This transformational engagement will result in significant investment and allow benefits to flow to the three Regional Inuit Associations who represent all Inuit across Nunavut and have controlling interest in NCCD.

The 10-year Partnership Agreement provides certainty in pursuing larger volumes, integrating resources, and applying best practices. It encourages a “life cycle” approach to planning and budgeting, incentivizing higher-quality standards to be obtained and maintained. Annual negotiated construction contracts and affordable housing funding agreements will provide greater detail about the type, number, and location of housing to be constructed each year.

The Partnership Agreement outlines the values and goals shared by partners including:

• Developing Inuit workforce capacity and providing Inuit with opportunities for meaningful employment and careers in the housing construction sector as well as housing maintenance sector
• Delivering high quality housing solutions for Nunavummiut that achieve high customer and tenant satisfaction, and
• Generating healthy economic and social returns as well as supporting local Nunavut communities.