REGINA – The federal and Saskatchewan governments announced Tuesday an additional combined investment to help the growing province fulfill future housing needs.
The investment of $92 million over five years will be delivered through an extension to the Investment in Affordable Housing (IAH) Agreement.
Under the IAH, Saskatchewan has the flexibility to design and deliver a range of affordable housing programs.
“This bilateral agreement provides flexibility for the province to decide how to allocate this substantial investment according to their local needs and priorities,” said Candice Bergen, federal minister of state for social development.
Bergen added the funding will create opportunities for apprentices, which will support the training of skilled labour in residential housing.
In 2011, both governments announced an IAH agreement with a combined investment of over $55 million between 2011-2014.
“We are pleased to continue to work with the Government of Canada to proactively ensure affordable housing is available in communities across Saskatchewan,” said Donna Harpauer, provincial minister responsible for Saskatchewan Housing Corporation.
According to the province, federal investment has helped it invest $326 million to develop over 5,600 units and repair more than 24,300 homes since 2011.