KDO announced today that it is to undertake a feasibility study of a not-for-profit apartment complex in Dawson City.
KDO has shown that bringing more housing onto the market is a critical ingredient of economic development in the region. Having done substantial research into the need and demand for housing in the community through surveys and public events, KDO is now poised to collate that research and combine it with financial viability assessments to refine planning for a proposed 12 to 20 unit residential complex in Dawson City.
‘Dawson is a special community and the opportunities here are enormous, for work and business. People want to move here and stay but housing shortages are a constant frustration. We must all recognize this and work together to tackle it in a constructive manner’ said Greg Hakonson, KDO Co-President.
The proposed project is envisioned as sustainable, compact rental apartment units that would be suitable for single individuals or couples. There is a significant shortage of housing of every kind in Dawson City, particularly 1-bedroom units, and yet building costs relative to return on investment deter private sector investment.
‘A rental housing project on a not-for-profit basis poses our best chance of adding a significant amount of new housing stock to the market in the near future’ said Brian Stethem, KDO Co-President.
KDO is a collaborative partnership and will be working with the federal and territorial housing agencies, the City of Dawson and Tr’ondëk Hwëch’in to complete this work. Residents and others interested are encouraged to contact us to take part.
For further information contact:
Brian Stethem, Co-President 867-993-3826 or
Evelyn Pollock, Project Manager 867-993-2306