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FEDERAL GOVERNMENT INVESTS OVER $1 MILLION IN INNOVATIVE HOUSING IN SASKATOON

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SASKATOON, SK, May 29, 2024 /CNW/ – The Federal Government has 1 million US dollars through the Affordable Housing Innovation Fund (AHIF) to build 60 apartments in Saskatoon. Together with a joint investment with the provincial government for 240,000 US dollarswill help provide people with diverse needs a safe and affordable place to call home.

The Willow Grande Estates project has been built to the highest energy efficiency standards, reducing the building's energy consumption and greenhouse gas emissions while providing residents with lower utility costs. The building consists of 18 two-bedroom and 42 three-bedroom apartments and will provide homes for vulnerable individuals and families with mental health issues, addictions and other mental or physical disabilities.

The project is financed as follows:

  • $1,020,520.00 by the Government of Canada's Affordable Housing Innovation Fund (AHIF)
  • 240,000 US dollars jointly funded by the Government of Canada's National Housing Strategy (NHS) – Saskatchewan Priorities Initiative and the Saskatchewan Housing Corporation (SHC) Rental Development Program
  • 220,000 US dollars from the National Affordable Housing Corporation (NAHC)
  • 95,000 US dollars from that City of Saskatoon

Quotes:

“We are committed to ensuring that everyone has a safe and affordable place to call home. I am proud that we have been able to support this project and wish all the new residents all the best as they begin a new chapter in their new homes.” – The Honourable Sean Fraser, Minister for Housing, Infrastructure and Communities

“The government of Saskatchewan is proud to support this project that enables people with diverse needs to live independently in their community. Through initiatives like Willow Grande Estates, we are ensuring vulnerable people have access to safe and affordable housing. Our government continues to work with partners to improve housing affordability and better support people and families with the greatest housing need.” – The Honourable Gene Makowsky, Minister of Social Services and Minister responsible for the Saskatchewan Housing Corporation (SHC)

“With Saskatoon With resident numbers growing at a historic pace, there needs to be more housing options available across the housing spectrum that meet the abilities and budgets of all residents. These six townhouses will help fill the existing gap in affordable and supportive housing, helping residents retain their housing and live with dignity with their families.” – His Eminence Charlie Clark, Mayor of City of Saskatoon

“We are grateful for the opportunity to provide affordable housing for people with mental illness, once again in partnership with the Canadian Mental Health Association (CMHA). Saskatoon. Collaboration with like-minded and experienced partners such as CMHA – Saskatoon has enabled our organization to address the need for safe, independent and supportive housing in SaskatoonThanks to the contributions of CMHC, SHC and the City of Saskatoon We have been able to create inclusive, supportive and welcoming housing opportunities that also demonstrate our commitment to energy efficiency. We are proud to fill these housing gaps for our community and look forward to continuing to expand the implementation of this energy efficient design in partnership with CMHC – Tyler MathiesChairman of the Board of Directors of the National Affordable Housing Corporation.

“The positive impact of affordable, inclusive, quality and safe housing cannot be overstated, especially in today's rental housing market. We are incredibly grateful for our partnership with the NAHC and their vision and commitment to housing equity. Together with our partners at the Saskatchewan Health Authority, we are changing lives and building stronger communities for all.” – Faith BodnarExecutive Director, Canadian Mental Health Association – Saskatoon

Quick facts:

  • Canada's The National Housing Strategy (NHS) is a 10-year 82 $-plus billion plan that will give more Canadians a place to call home.
    • NHS is built on strong partnerships between federal, provincial and territorial governments and on ongoing engagement with municipalities, Indigenous governments and organizations, and the social and private housing sectors. It was created following consultations with Canadians from all walks of life, including those in need of housing.
    • All investments in the NHS by federal, provincial and territorial governments respect the core principles of the NHS, which support partnerships, people and communities.
  • In 2019, the government of Canada and the government of Saskatchewan has reached an agreement as part of the National Housing Strategy. The bilateral agreement between Canada and Saskatchewan will encourage investment 585 million US dollars The costs will be shared by the federal government and the provincial governments over a period of ten years.
    • In November 2019the government of Saskatchewan Approved Saskatchewan Growth Plan: the next decade of growth 2020-2030, which sets out the government’s vision for a province of 1.4 million inhabitants by 2030. The plan identifies principles, objectives and actions to ensure Saskatchewan seizes the opportunities and meets the challenges of a growing province. For more information, visit www.saskatchewan.ca.
  • The Affordable Housing Innovation Fund (AHIF) supports new ideas that will drive change and revolutionise the industry – ideas and approaches that will evolve the affordable housing sector and create the next generation of homes in Canada.
  • The National Affordable Housing Corporation (NAHC) is a nonprofit organization that works with private housing developers, government agencies, and other nonprofit organizations to facilitate the construction of affordable housing units in SaskatchewanSince 2020, SHC has worked with NAHC to build 45 affordable housing units (including this project) in Saskatoon And Reginathrough the RDP.
  • Tenants receive support services from the Canadian Mental Health Association (CMHA). Saskatoonan organization that supports people with mental health issues through job training programs, mental health resources, and referral services.

Related Links:

  • Visit Canada.ca/housing for the most frequently requested Canada Accommodation information.
  • As Canada's As the authority on housing, CMHC contributes to the stability of the housing market and financial system, supports Canadians in need of housing, and provides unbiased housing research and advice to all levels of Canadian government, consumers and the housing industry. CMHC's goal is to ensure that everyone in Canada a home they can afford and that meets their needs. For more information visit cmhc.ca or follow us on XInstagram, YouTube, LinkedIn and Facebook.
  • For more information about the National Housing Strategy, visit www.placetocallhome.ca.
  • Check out the National Housing Strategy Housing Funding Initiatives Map to see affordable housing projects being built in Canada.
  • For more information about the Saskatchewan Growth Plan, visit www.saskatchewan.ca.

Source: Canada Mortgage and Housing Corporation (CMHC)

For further information: Media contacts: Micaal Ahmed, Office of the Minister for Housing, Infrastructure and Communities, [email protected]; Media Relations, Canada Mortgage and Housing Corporation, [email protected]; Media Relations, Department of Social Services, 306-787-3610, [email protected]