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Partnerships in Housing − It Takes Two to Tango

Partnerships in Housing − It Takes Two to Tango. The Province’s role in housing can be summed up as follows: To provide safe, accessible affordable housing for those who cannot afford it or access it in the market; and

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Partnerships in Housing − It Takes Two to Tango

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  1. Partnerships in Housing −It Takes Two to Tango

  2. The Province’s role in housing can be summed up as follows: • To provide safe, accessible affordable housing for those who cannot afford it or access it in the market; and • To create an environment that encourages the construction of all housing types across the province.

  3. A Strong Foundation - The Housing Strategy for Saskatchewan is an eight-year plan that is built on community, industry, and government partnerships.

  4. The Strategy, which leverages partnerships, is producing results. • In 2012, total housing starts in Saskatchewan reached 9,968 – more starts in one year than in any year since the 1970s.

  5. Partnerships Leverage Financial and Human Resources

  6. Partnership Tools: • Rental Development Program • Secondary Suite Program • ECHO Plan and ECHO Action • AHOP and RCI • Summit Action Fund • Corporate Income Tax Rebate • Capital Rent Subsidy

  7. Rental Development Program : McEwan Manor • McEwan Manor, located in Regina, is a three-storey building with commercial space at street level and 40 bachelor units on the two upper storeys.

  8. The total cost was over $6 million and pulled together funding from six sources. • Federal Canada Economic Action Plan (CEAP) via SHC • Provincial funding via SHC • Community Living Service Delivery (CLSD) forgivable loan • Ranch Erhlo – Equity/Mortgage • Federal Homelessness Partnering Strategy • City of Regina

  9. Secondary Suite Program Owner’s quote: The Secondary Suite Program enabled me to build a high quality basement suite for my young tenants. The Grant assisted in lowering the costs to make not only my constructions costs more affordable, but also bringing a much needed lower-priced rental suite to the market. In partnering with Allman Homes & Realty Ltd., the property added value not only to my neighbours and neighbourhood, but to my community as well. Once again, many thanks!” Ranjit Singh, Director, ST Home Buyers Ltd.

  10. ECHO Plan and ECHO Action • The Encouraging Community Housing Options Program (ECHO) helps municipalities meet housing needs and sustain population and economic growth – two foundational elements of the Saskatchewan Plan for Growth.

  11. AHOP and RCI • The Province continues to work with stakeholders through a $25.9 million commitment to the Affordable Home Ownership Program and the Rental Construction Incentive.

  12. SHC has partnered with the City of Regina on several RCI initiatives: • Deveraux Sky Point (Harbour Landing) • Halifax Holdings • Smith Street project

  13. Summit Action Fund • The $6 million Summit Action Fund seeks to increase housing supply across the province through innovation in the housing sector.

  14. Corporate Income Tax Rebate • The Corporate Income Tax Rebate on New Rental Housing is an opportunity to partner with and leverage private sector investment in rental housing.

  15. Capital Rent Subsidy • Provides a capital loan of $40,000 per unit to permit sponsors to reduce rents, making them affordable for low- to moderate-income tenants.

  16. Shall We Dance? • Partnerships leverage financial and human resources. • Partnerships among housing stakeholders are critical if our housing challenges are to be solved.

  17. Thank You

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