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People holding decades-old mortgages through Housing N.W.T. may now be eligible for debt forgiveness from the territorial government.
On Monday, Housing Minister Lucy Kuptana announced Housing N.W.T. was expanding its debt forgiveness criteria for “legacy” mortgages to help residents across the territory who are struggling to pay them off.
These legacy mortgages were offered to the territory’s residents from the early 1990s to 2007, after which residents began applying for mortgages through more traditional lenders like…