Saskatchewan government commits to more affordable housing

REGINA – The Saskatchewan government reaffirmed its commitment to affordable housing in the 2013 budget.

The province says it will continue on its promise to invest $344 million to create 12,600 new housing units by 2016.

Habitat for Humanity will see its funding doubled to $2 million, which the government says will support the development of 40 homeowner units in the province.

A new student residence is also in the works for Regina, with $10 million going toward the proposed 605-bed project at the University of Regina.

Funding for the rental construction incentive and the affordable homeownership program is increasing by $3.5 million to $7.2 million.

The programs provide incentives to property developers and municipalities to provide matching grants and assistance to homeowners purchasing a new principle residence.

There is also $9.2 million for the final year of the three-year federal/provincial affordable housing agreement to increase the supply of new affordable homes, renovations, adaptations and rent and housing supplements.

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