Saskatoon

New Saskatoon rental housing development

Wednesday, February 24, 2016

The Governments of Canada and Saskatchewan, along with the City of Saskatoon and Ehrenburg Homes, have announced the completion of a 26-unit Saskatoon rental housing development.

Public Safety and Emergency Preparedness Minister Ralph Goodale, on behalf of Families, Children and Social Development Minister and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC) Jean-Yves Duclos, along with Saskatoon Silver Springs MLA Ken Cheveldayoff, on behalf of Social Services Minister and Minister Responsible for the Saskatchewan Housing Corporation Donna Harpauer, and Saskatoon Mayor Donald Atchison, made the announcement.

“Congratulations to everyone involved in this housing development, to Ehrenburg Homes and to the families who have a new place to call home,“ Goodale said.  “In the coming weeks and months, we look forward to working with Canadians, housing stakeholders and our partners in provinces, territories and municipalities as we restore a constructive role for the federal government in supporting affordable housing.”

“Today’s official opening of this housing development is another example of partners coming together to create new housing opportunities for Saskatchewan people,” Cheveldayoff said. “Keeping Saskatchewan strong is a vision that we all share, and this project is a major complement to the housing units presently in operation across the province. Our government will continue to work with the public and private sectors to help Saskatchewan families meet their housing needs”

“Every family in Saskatoon deserves a safe and secure home in which to live,” Atchison said.  “Or partnerships with the Federal Government, Provincial Government, private sector and not-for profits help us achieve this goal. Our nationally recognized and number one rated attainable housing program has created homes for more than 3,700 families in our city. Today 26 more Saskatoon families have a place to call home.”

Quick facts about the Saskatoon rental housing development:

  • The 26-unit townhouse project located at 191 Maningas Bend in the Evergreen neighbourhood of University Heights in Saskatoon consists of 14 three-bedroom units at 1,306 square feet or 121 square metres, 11 four-bedroom units at 1,269 square feet or 118 square metres and one five-bedroom unit at 1,953 square feet or 181 square metres.
  • The Federal and Provincial Governments, through CMHC and Saskatchewan Housing Corporation (SHC), are jointly contributing $440,000 toward 11 of the 26 units under the Canada-Saskatchewan Investment in Affordable Housing (2014-2019) Agreement via the Capital Rent Subsidy program.
  • SHC is also providing $130,000 under the provincial Rental Construction Incentive (RCI) via the City of Saskatoon, as well as supporting Ehrenburg Homes through the Corporate Income Tax Rebate on New Rental Housing.
  • In addition, the City of Saskatoon is matching the RCI with $289,000 in incentives including a five-year increment property tax abatement.

 

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