SASKATOON – A new affordable housing development has officially opened in Stonebridge.
The $11 million apartment-style condominium was built under the HeadStart on a Home program with additional help from the Affordable Home Ownership Program (AHOP).
The 60 two- and three-bedroom units start from $249,228.
“Through this type of program we’re able to assist people to become owners of a home who might otherwise not be able to so I think it’s wonderful, they get pride of ownership and the satisfaction of having a real home,” said Advanced Education Minister Don Morgan.
Construction of Stonebridge Villas began in February 2012.
“As noted in the Saskatchewan’s Plan for Growth, our goal is to capture the opportunities and meet the challenges of a growing province,” said Morgan.
“HeadStart on a Home addresses the current need for entry level homes in our province,” said Grant Kook, Westcap Mgt. Ltd. President and CEO.
“As housing prices increase, home ownership becomes unattainable for many people,” he added.
Since the HeadStart on a Home program was announced in March 2011, 230 affordable units have so far been developed throughout the province.
The aim is to have one thousand built by 2016.