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The Saskatchewan Co-Investment Program (SCIP) is a provincial program that complements the National Housing Co-Investment Fund (NHCF), a federal program administered by Canada Mortgage and Housing Corporation (CMHC) as part of the National Housing Strategy (NHS). SCIP provides 10-year forgivable loans to support the construction of new affordable rental housing and the repair and renewal of existing affordable housing in Saskatchewan.
SCIP provides one-time funding up to $27,000 per unit, up to a maximum of $500,000 per project to develop new affordable purpose-built rental units or to repair or renew existing units. Saskatchewan Housing Corporation (SHC) will secure a forgivable loan with a registered interest on the title until the loan is fully forgiven over 10 years.
Eligible projects must meet the minimum requirements as outlined by the NHCF and must be rented to households with incomes at, or below, the Saskatchewan Housing Income Maximum-Low for a minimum of 10 years.
Sponsors are eligible to apply if they:
Saskatchewan Housing Corporation
225 First Avenue North
Saskatoon, SK S7K 1X2
Office hours: 8:00 a.m. to noon and 1:00 p.m. to 5:00 p.m. weekdays
OR, e-mail completed forms to SCIP@gov.sk.ca
Materials are subject to change.
The information detailed in the application is intended to be completed in full. The application is to be filled out by applicants only. The PDF and the Word version are the same – only one format needs to be completed.
SHC agreements are subject to change and are provided only to successful groups by SHC after a formal letter has been received.
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