This funding comes as a result of the $55 million Canada-Saskatchewan IAH Agreement. Under the agreement, the Province of Saskatchewan will use the funds to create new and renovate existing affordable housing for households in need.
Annually, the Government of Canada, through CMHC, will invest approximately $2 billion in housing. Of this amount, $1.7 billion will be spent in support of close to 600,000 households living in existing social housing. In Saskatchewan, this represents an estimated 28,000 households. The remaining funding supports housing-related activities and affordable housing programs, including the IAH. These investments are improving the quality of life for low-income Canadians and households living in existing social housing, including individuals who are homeless or at risk of homelessness, seniors, persons with disabilities, recent immigrants and Aboriginal people. Economic Action Plan 2013 continues this commitment with a federal investment of more than $1.25 billion over five years to renew the IAH to 2019. The Government of Canada will ensure that funds provided to provinces and territories support the use of apprentices, which will support training of skilled labour. Close to 177,600 households across Canada are no longer in housing need as a result of funding provided under the IAH from April 1, 2011 to December 31, 2013.
In October 2012, the Government of Saskatchewan released the Saskatchewan Plan for Growth: Vision 2020 and Beyond, which sets out the government’s vision for a province of 1.2 million people by 2020. The plan identifies principles, goals and actions to ensure Saskatchewan is capturing the opportunities and meeting the challenges of a growing province. Since 2011, the government has invested $256 million to develop more than 4,500 units and repair more than 24,300 homes around the province.
To find out more about how the Government of Canada and CMHC are working to build stronger homes and communities for all Canadians, call CMHC at 1-800-668-2642 or visit
www.cmhc-schl.gc.ca.
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For more information, contact:
Tara Gereaux
Social Services
Regina
Phone: 306-787-3610
Email:
tara.gereaux@gov.sk.ca
Young Ong
Canada Mortgage and Housing Corporation
Edmonton
Phone: 403-515-2962
Email: yong@cmhc-schl.gc.ca
Lauren Brent
Office of the Minister of State
Phone: 819-953-2352
Email: Lauren.Brent@hrsdc-rhdcc.gc.ca