IGV Housing Ltd. to Establish Construction Company in Port Alberni

Strategic Insights -

IGV Housing Ltd., a Ucluelet-based company, will be setting up a construction company in Port Alberni's former San Group wood remanufacturing site. The company's CEO, Joshua Hunt, aims to deliver substantial cost savings and production line efficiencies, targeting a 50% reduction in construction costs. IGV Housing is leasing the reman site and plans to begin construction in September, hiring 60 to 80 people. The company will focus on building sustainable, modular homes that minimize waste and are net-zero ready. Council members welcomed IGV Housing to the community, acknowledging the company's potential to address the housing crisis and become a community partner.

Key Takeaways:

  • IGV Housing Ltd. will establish a construction company in Port Alberni's former San Group wood remanufacturing site, leasing the site from a numbered company (037BC).
  • The company aims to deliver substantial cost savings, targeting a 50% reduction in construction costs, and production line efficiencies.
  • IGV Housing will focus on building sustainable, modular homes that minimize waste and are net-zero ready.
  • The company will begin construction in September and is currently hiring 60 to 80 people.
  • IGV Housing is building 11 homes and 228 condo apartments for a proposed housing complex on Minato Road in Ucluelet.
  • The company's construction projects are up to 50% faster in turnaround times, up to 50% in cost savings, and up to 80% in diverting waste to the landfill.

Statistics:

  • 50% reduction in construction costs targeted by IGV Housing Ltd.
  • 50% increase in construction project turnaround times
  • 50% reduction in construction costs
  • 80% reduction in waste diverted to the landfill
  • 11 homes being built by IGV Housing as part of a proposed housing complex in Ucluelet
  • 228 condo apartments being built by IGV Housing as part of a proposed housing complex in Ucluelet
  • 60 to 80 people to be hired by IGV Housing in Port Alberni

Sources:

  • "Ucluelet construction company to set up in Port Alberni," Tofino-Ucluelet Westerly News, July 2023, no author provided, no date provided.
  • [Note: The original source does not specify the date, so it is listed without one. The publication date of July 2023 is an estimate based on the context of the article.]