Sponsors are eligible if they:
- Are registered to conduct business in Saskatchewan;
- Are a non-profit or for-profit corporation, co-operative, First Nations band, or municipality; and
- Practice good governance.
A project is eligible if:
- It is under construction now, or is construction-ready, and the site is properly zoned and owned by the developer;
- The site passes the Canadian Environmental Assessment Act form.
- It is not yet occupied;
- It is not a secondary suite, building camp, group home, nursing home, special care home, or life lease units;
- It has a minimum of four units;
- The Capital Rent Subsidy is available to a maximum of 50% of the total units in the project;
- The market rent levels are confirmed through a market rent appraisal as agreed upon by Saskatchewan Housing Corporation and the subsidized rent is the market rent level reduced by the $300 per month subsidy;
- Its full capital cost (excluding funding from this program) is covered by approved financing or other funding;
- It is located off reserve; and
- The subsidized units are rented to clients whose households are a suitable size for the unit (according to the National Occupancy Standards) and whose incomes are below the limits determined by Saskatchewan Housing Corporation (see the table below).
Proposals will be evaluated based on:
- Eligibility of the sponsor and project;
- Completeness of the proposal (including the submission of a building permit, proof of capital financing/funding, proof of mortgage insurance, and market rent appraisal);
- Construction readiness;
- Availability of Capital Rent Subsidy funding;
- Indication of apprenticeship component;
- Current and long-term need and demand; and
- Tenant affordability and income (priority will be given to projects with subsidized rents that are affordable for clients with the lowest incomes).
Tenants may be eligible if:
- They have annual gross household incomes at or below the limits established by Saskatchewan Housing Corporation:
| Household Type