Rental Development Program
The Rental Development Program (RDP) provides one-time capital funding to assist in the development of affordable rental housing units for households with low incomes. The RDP is funded by Canada Mortgage and Housing Corporation (CMHC) and Saskatchewan Housing Corporation (SHC).
1. Funding
The RDP provides a forgivable loan up to 70 per cent of the total eligible capital cost.
SHC secures the forgivable loan with a registered interest on the title until the loan is fully forgiven.
2. Eligibility
Sponsors are eligible to apply if they:
- are an incorporated organization or company, registered in Saskatchewan and in good standing with SHC;
- can demonstrate they practise good governance and have the capacity and resources to deliver the proposed services, or have the support/partnership from a recognized agency to ensure the delivery of services;
- can contribute a minimum of 30 per cent of the total capital cost of the project; and
- agree to enter into an operating agreement with SHC.
Sponsors must demonstrate that their project’s housing units are both targeted and affordable to households with an annual gross household income at or below the Saskatchewan Household Income (SHIM)-Low:
| One-Bedroom | Two-Bedroom | Three-Bedroom | Four-Bedroom | |
| Disability | $46,600 | $57,500 | $68,400 | $89,100 |
| No Disability | $40,500 | $50,000 | $59,500 | $77,000 |
*As of July 1, 2023 (subject to change)
Important:
-
RDP applies to off-reserve housing only; and
- RDP provides funding to maintain affordable rent and is not a source of funding for support services.
3. How to Apply
Project proposals are accepted year-round. However, funding for the RDP will be allocated during the EOI proposal intake window only.
Please visit the Affordable Housing Development page to submit an Expression of Interest (EOI).
Following EOI assessments, selected proponents will be invited to submit a complete RDP Application Package within a limited timeframe. Successful applications are committed through a Conditional Approval Letter to their sponsors. Sponsors must also enter a Project Development and Operating Agreement with SHC before starting construction.
4. Further Information
Contact SHC at 1-866-245-5758 or EOI.SHC@gov.sk.ca for more information on the program.