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AFFORDABLE HOUSING AGREEMENT SIGNED BY CANADA AND SASKATCHEWAN

Released on June 28, 2002

A Federal - Provincial Affordable Housing Program Agreement, which will

provide $45.86 million over the next five years to construct up to 1,000

new housing units in Saskatchewan, was signed today in Regina.



The announcement was made jointly by Public Works and Government Services

Minister Ralph Goodale on behalf of Deputy Prime Minister, Finance

Minister, Infastructure and Crown Corporations Minister John Manley and

Saskatchewan Social Services Minister Glenn Hagel.



"This agreement will help people in need of affordable housing in this

province during the next five years," Goodale said following the signing of

the agreement. "It is a key part of the Government of Canada's $680

million commitment across Canada and the seventh affordable housing

agreement signed in the past six months."



"Today's agreement will mean significant support for the ongoing efforts of

the Government of Saskatchewan to ensure suitable, affordable housing for

the people of this province," Hagel said. "The agreement is flexible and

respects the unique priorities, strategies and realities of housing in

Saskatchewan."



Through this agreement, federal funds will be used for capital grants to

reduce the cost of housing under three provincially-designed affordable

rental housing and home ownership programs.



With matching contributions from the province, municipalities and other

private and non-profit partners, a total $45.86 million will be available

for investment in affordable housing and will help create approximately

1,000 new units of affordable housing.



In January 2001, the Speech From the Throne indicated the Government of

Canada would help stimulate the creation of more affordable housing. The

$680 million in federal funding was confirmed in the 2001 federal budget on

December 10th, 2001.



Persons and organizations interested in more details on this initiative

should contact Saskatchewan Housing Corporation.



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For more information, contact:



Brian Miller John Embury

Saskatchewan Social Services Office of Minister Goodale

Regina Ottawa

Phone: (306) 787-0531 Phone: (819) 956-5325

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