Mr. Chairman, I've already asked some questions, but I got two more questions. I'm not sure if I'm allowed to mention that? Okay, can I ask my two questions? Okay, thank you. Thank you, Mr. Chairman.
I'm just trying to figure out how we could continue to build new relationships with Indigenous governments here in the Northwest Territories. And I'm just trying to figure a way, because last year I sent a letter to the Minister of the Housing Corporation going back to June 10th, 2022, and regarding Housing NWT repairs or homeownership replacement for Tu Nedhe-Wiilideh riding. And based on my tour of my riding, I put together a letter and a list of names of people that really need their homes repaired.
And it's a long list of names that I have for my four communities, outlining basically the scope of work and what needs to get done. But it was clear that when I got a letter back three months later more or less saying that they got -- the housing corporation's working with, you know, the Indigenous governments on the housing strategy and that kind of thing. But I think what needs to be very clear is that what I was asking for too as well is that we need an additional $350,000 but that probably could be up to $400,000 now to actually do a unit conditional rating of all the private homes in my riding. And the purpose of that is to -- as you know, you already know what unit condition ratings are. And just for people that don't know, is if you have a home and you go into the community, and let's say the life cycle of a house is 50 years, and that homes is 20 years old or 25 years old, then, you know, you want to get that building assessed so that it meets the National Building Code and all applicable codes that goes along. So, you know, then you could hire somebody to come in to do an inspection. You look at the building, you look at the mechanical, electrical, plumbing, the structure itself, etcetera, to give you an idea, you know, if that unit needs repairs. So out of a hundred percent, you know, if a door is -- you know, the jam is split or whatever it may be, you know, you could repair it or replace it then you'll know. And you do that to the whole house. And then at the end, you rate that house at let's say at 60 percent. Well, then we got all these homes in the community, the private homes that we want to take a look at. But for that 60 percent, there's 40 percent of work that needs to get done to bring that building up to code. So on average, looking at the housing corporation tenders for public housing retrofits, they're coming in anywhere from 150 to $200,000 depending on where it is.
So having said that -- but in my riding, we got over 500 and probably 50 homes that's public housing. I'm going to say -- so we'll just say 350 homes that needs to be looked as an example. And, but the thing is that the replacement costs on those things are probably going to be $222 million if we were take that same 350 homes and then replace it, so. But the repair costs, you know, on a high number, you know, could be up to $70 million to take that home and bring it back up -- brings in the life cycle from another 30 years, if we were to do it. So I'm just thinking outside the box where if we could take that $350,000, or whatever it costs to do it, but this -- I asked this question earlier, and it -- I think it was people didn't really understand why I was asking this, this money.
And essentially it was just to have somebody come into that unit that's certified as a journeyman, that's able to understand mechanical, electrical, building structure, etcetera, and they sign off on it. And then once it's signed off, then you could figure out what the cost is going to be to fix up those units. So I think that we have a good thing here. I think if we could work together and try to help find the money and give it to the Indigenous governments so they could hire their own people to do the inspections.
Having said that, then maybe we could be forging new relationships and look at that maybe working together and applying for money from CIRNAC together and then come up with a plan. Come up with plan over four or five years to make all the repairs in the communities. And I mean, I think that's a good initiative because, like I said, if the replacement cost is over $222 million versus $70 million just to bring it up to code, well that's a good investment. And it's good for the community. It creates jobs. It's healthy for the families and so on. There's so much that could come out of this.
So I want to see if there's a way that maybe moving forward that -- I wrote a letter, like I said, last year. Maybe if we could pull that letter out and look at it again and trying to work together and see how we could try to make that happen. Again, we could apply to CIRNAC and help with that. And then also once we get that together, we would come up with a plan and work with the communities and then it's a win-win for everybody. So I just want to just mention that, Mr. Chairman. Thank you.