More Than 74 Million in Social Infrastructure Funding Strengthens Communities and Grows the Economy in Saskatchewan

Released on July 7, 2016

• The Government of Canada is investing an additional $54.8 million over the next two years to help citizens of Saskatchewan in need access affordable housing.
• The funding is in addition to more than $18 million joint annual funding provided by the governments of Canada and Saskatchewan under the IAH agreement to help create more affordable housing options in Saskatchewan.
• The Government of Saskatchewan is responsible for choosing the programs they design and deliver, and also has the flexibility to invest in a range of affordable housing programs in order to meet local needs.  Initiatives can include, new construction, renovation, affordability assistance and independent living (accessibility, modifications for persons experiencing disabilities and seniors), and support of accommodations for victims of family violence.

• $7.7 million to support the construction, repair and adaptation of affordable housing for seniors;
• almost $3.8 million to support the construction and renovation of shelters and transition houses for victims of family violence; and
• almost $24 million to help address the increasing demand for repairs as social housing units age, and to improve efficiency and reduce energy and water use.

• Canada Mortgage and Housing Corporation (CMHC) has been helping Canadians meet their housing needs for more than 70 years.  As Canada’s authority on housing, we contribute to the stability of the housing market and financial system, provide support for Canadians in housing need, and offer unbiased housing research and advice to Canadian governments, consumers and the housing industry.  Prudent risk management, strong corporate governance and transparency are cornerstones of our operations.  For more information, please call 1-800-668-2642 or visit www.cmhc.ca or follow us on Twitter, YouTube, LinkedIn and Facebook.
• 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 2007, the Government of Saskatchewan has invested almost $700 million to develop and repair more than 14,600 homes around the province.