Released on January 20, 2005
The federal and provincial governments today announced an additional $20 million has been allocated to create more affordable housing for Saskatchewan residents who need it the most.The announcement was made at the signing of Phase II of the Canada-Saskatchewan Affordable Housing Agreement by the Honourable Joe Fontana, Minister of Labour and Housing, and Community Resources and Employment Minister Joanne Crofford.
"This agreement strengthens the Government of Canada's partnership with the province, and allows us to move forward on our commitment to provide more affordable housing in Saskatchewan," Minister Fontana said. "We are pleased to be able to provide safe and affordable housing to those who need it the most such as seniors, Aboriginals, and people with disabilities."
"This funding helps us open the door to independence and community involvement for Saskatchewan families," Crofford said. "Our HomeFirst strategy demonstrates the commitment and the foundation we have built to develop more affordable housing throughout the province. This agreement underlines our resolve to honour this commitment."
The new agreement will see each level of government contribute over $10 million for affordable housing, and extends the original agreement by one year to 2008. 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.
The announcement brings the total investment by the Government of Canada to over $33 million in funding for Saskatchewan residents under the Canada – Saskatchewan Affordable Housing Program Agreement. This investment will be matched by contributions from the province, municipalities, and other private and non-profit partners.
The Governments of Canada and Saskatchewan signed Phase I of the Affordable Housing Program Agreement on June 28th, 2002. It provides for $45.9 million in funds to create approximately 1,500 new units. To date, construction is complete, underway or committed for 720 units, which accounts for $26 million of program funding.
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For More Information, Contact:
| Jason Cobb Canada Mortgage and Housing Corporation Calgary Phone: (403)515-2903 Cell: (403)585-1497 | Janet Miller Community Resources and Employment Regina Phone: (306)787-0531 |