Government Renews Northern Homeownership Initiative

Released on November 18, 2021

Residents of northern Saskatchewan who live in social housing continue to have the opportunity to become homeowners through the Northern Homeownership Initiative (NHOI).

The NHOI allows residents of select northern communities who live in social housing to purchase their homes from Saskatchewan Housing Corporation (SHC). The initiative was developed to provide homeownership opportunities in northern communities where the demand for housing is high but housing options are limited.

"Owning a home is a major milestone that helps people build stronger roots in their communities," Social Services Minister and Minister Responsible for Saskatchewan Housing Corporation Lori Carr said. "Homeownership also helps build financial stability, offers more independence and strengthens the homeowner's future. I encourage residents of northern Saskatchewan to look into the Northern Homeownership Initiative and consider purchasing a home to call their own."

Fifty homes are available for purchase through the NHOI, of which 10 have already been sold. The selling price of each home is determined by an independent appraisal and is sold at fair market value. Funds from the sale of the homes are put toward new housing developments in the north.

Northern residents may be able to purchase a home if they: 

• have been a tenant of an SHC-owned rental unit for at least one year;
• have stable income;
• want to build equity in a home;
• qualify for a loan; and
• are able to pay a down payment.
   

To learn if the NHOI is available in your community, call your local housing authority or Saskatchewan Housing Corporation at 1-866-245-5758. For more information, visit www.saskatchewan.ca/residents/housing-and-renting/homeownership-opportunities-in-northern-saskatchewan.

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