1. Grant program to build new dwellings
Status: Accepting Applications
Budget: $400,000
What is the goal of this initiative?
We understand that access to both land and capital to build dwellings presents a major challenge in Watson Lake. This initiative aims to make use of the existing residential properties within our community and avoid delays in building new dwellings due to a lack of available land.
It also works to address capital challenges by providing direct funding to property owners to build.
How will we achieve our goal?
We have developed a grant program that will provide private property owners with access to grants to develop housing on property that they own or are in the process of purchasing.
Funding can be used to build single family homes, suites, and multi-family units. $40,000 is available per new dwelling, up to a maximum of $120,000 per applicant for multi-family housing.
How do I apply? When will this be happening?
Applications for the program are due by 4:30pm on August 16, 2024, by email to housing@watsonlake.ca. Applications can be downloaded here.
How many homes do you expect this program to create?
We are expecting that at least 10 new dwellings will be built as a result of this initiative.
How do I qualify for the grant?
You are eligible to apply for this program if you meet the following criteria:
- Your property is located within the municipal boundary of the Town of Watson Lake.
- Applicants own the property on which the dwelling is to be constructed; or,
- You have an Agreement for Sale with the Yukon Government for a vacant lot;
- The property and proposed development(s) comply with the Town’s Official Community Plan, Zoning Bylaw and the National Building Code; and
- Property taxes for the property are paid and the property owner is in good standing with the Town of Watson Lake.
If you have questions about this initiative contact housing@watsonlake.ca. You can also review the Housing Development Grant Policy.