Mr. Speaker, I believe the Member is asking about the eligibility criteria. It will be similar to the Down Payment Assistance program that we have now. The EDAP program, as it is called, requires clients to be 19 years of age or older. To be residents of the NWT for five years. They are required to have a mortgage approved by the bank or, clients unable to secure interim financing for a new home construction from banks, can apply for interim financing from the Housing Corporation. Clients with outstanding arrears with any local housing organization cannot qualify for the program. However, clients may be able to enter the program by rolling their arrears into their mortgage. Clients must use available northern manufactured products where possible. Clients must either build new or purchase existing units. Prebuilt or modular units are disallowed, but may be purchased as long as the unit has been occupied in the community for a minimum of a year.
Goo Arlooktoo on Question 350-13(4): Plan 2000 - Public Housing Strategy
In the Legislative Assembly on February 20th, 1997. See this statement in context.
Further Return To Question 350-13(4): Plan 2000 - Public Housing Strategy
Question 350-13(4): Plan 2000 - Public Housing Strategy
Item 6: Oral Questions
February 19th, 1997
Page 736
Goo Arlooktoo Baffin South
See context to find out what was said next.