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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.

Mar 31, 2015

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Michael Pearre
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Page 1: 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.
Page 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.

Partnerships in Housing −

It Takes Two to Tango

Page 3: 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.

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.

Page 4: 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.

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

Page 5: 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.

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.

Page 6: 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.

Partnerships Leverage Financial and Human Resources

Page 7: 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.

Rental Development Program

Secondary Suite Program

ECHO Plan and ECHO Action

AHOP and RCI

Summit Action Fund

Corporate Income Tax Rebate

Capital Rent Subsidy

Partnership Tools:

Page 8: 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.

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.

Rental Development Program : McEwan Manor

Page 9: 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.

The total cost was over $6 million and pulled together funding from six sources.

Federal Canada Economic Action Plan (CEAP) via SHCProvincial funding via SHCCommunity Living Service Delivery (CLSD) forgivable loanRanch Erhlo – Equity/MortgageFederal Homelessness Partnering StrategyCity of Regina

Page 10: 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.

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.

Page 11: 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.

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.

ECHO Plan and ECHO Action

Page 12: 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.
Page 13: 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.

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

AHOP and RCI

Page 14: 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.

SHC has partnered with the City of Regina on severalRCI initiatives:

Deveraux Sky Point (Harbour Landing)Halifax HoldingsSmith Street project

Page 15: 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.

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

Summit Action Fund

Page 16: 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.

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

Corporate Income Tax Rebate

Page 17: 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.

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

Capital Rent Subsidy

Page 18: 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.

Partnerships leverage financial and human resources.

Partnerships among housing stakeholders are critical if our housing challenges are to be solved.

Shall We Dance?

Page 19: 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.

Thank You