PROVINCE INVESTS $6 MILLION TO INCREASE HOUSING SUPPLY IN SASKATCHEWAN

Social Services Minister and Minister responsible for Saskatchewan Housing announced on April 21st the creation of a $6 million Summitt Action fund to help increase housing supply cross the province. This investment will make it possible for stakeholders to come forward and propose creative solutions that are not currently covered by existing housing programs, facilitating innovation in the housing sector.

"The development of the Summit Action Fund further demonstrates that our government is prepared to act on ideas that come from the Housing Summit and provide money to support them," Draude said. "This fund aligns directly with our innovation agenda and supports a secure and properous Saskatchewan, further promoting the Saskatchewan Advantage. Most importantly, it means that more housing will be created to meet the variety of housing needs in Saskatchewan communities."

The Summit Action Fund will provide the government, through Saskatchewan Housing Corporation (SHC), with a tool to drive creative, flexible approaches and innovation in the housing sector. The fund will:

• Enable development of housing supply to address increasing demand;


• Provide a source of additional support for creative solutions across the housing continuum, from low-income rental developments to homeownership opportunities;


• Encourage private sector investments;


• Stimulate new innovations in design, financing and partnerships; and


• Complement and not duplicate existing programs.

For more information, contact:Linda Saliken, Social Services, Regina 306-787-0246