Family housing project opens in Regina

REGINA, Feb. 14, 2019 /CNW/ - The Government of Canada and the Province of Saskatchewan, along with the City of Regina and Silver Sage Holdings Ltd., officially opened a new six-unit rental housing project for families with complex needs.

The Honourable Ralph Goodale, Minister of Public Safety and Emergency Preparedness, on behalf of Jean-Yves Duclos, Minister of Families, Children and Social Development and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC), along with Warren Steinley, Member of the Legislative Assembly for Regina Walsh Acres, on behalf of the Honourable Paul Merriman, Minister of Social Services and Minister Responsible for Saskatchewan Housing Corporation (SHC), His Worship Michael Fougere, Mayor of the City of Regina, and Edmund Bellegarde, Silver Sage Board Chair, made the announcement today.

The project, which will include support services and programs provided by human services agencies, will be owned by Silver Sage Holdings Ltd. (Silver Sage). The homes, which consists of the 6 three-bedroom duplexes, will be located on two lots in close proximity, 1346 Forget Street and 5029 7^th Avenue.

Quotes:

"These investments in affordable housing will support six Regina families who need it most. When we help families get the housing they need, we are doing more than putting a roof over their heads, we are helping build a foundation for their success. This project is part of the new National Housing Strategy, which will cut chronic homelessness in half over a decade."
—  Honourable Ralph Goodale, Minister of Public Safety and Emergency Preparedness

"Our Government, together with our partners, is pleased to help Silver Sage complete this vital project.  Six families now have a safe, affordable home, with the supports they require, that will enable them to move forward with their lives and establish themselves in this community.  We will always stand with the people of Saskatchewan and stand firm on issues that matter, including housing."
— Warren Steinley, Member of the Legislative Assembly for Regina Walsh Acres

"Regina's housing incentives are aimed at addressing the areas of greatest need in our community. Affordable homes, especially those paired with support services, can change the lives of our most vulnerable residents. City Council is proud to partner with agencies like Silver Sage Holdings that understand that need and work very hard to help their clients thrive."
— His Worship Michael Fougere, Mayor, City of Regina

"The Family Housing Project addresses a real need in our community to provide a safe place for families in transition." said Edmund Bellegarde, Silver Sage Housing Corporation Board Chair, "We have families who are in the process of re-establishing themselves in the community and simply need a safe, affordable place to live. We see this partnership as a one of many paths to healing, and a way to honour that relationship with our future generations."
Edmund Bellegarde, Board Chair, Silver Sage Holdings Ltd.

Quick Facts: 

• This project will provide permanent housing for families with complex needs. The project consists of the construction of 6 three-bedroom duplexes, each averaging 1,198 ft²
• The Government of Canada, through CMHC, along with the Government of Saskatchewan, through SHC, jointly contributed $900,100 toward the construction of the six units under the Canada-Saskatchewan Social Infrastructure Fund Allocation Increase.
• An additional $150,000 in funding was provided by the City of Regina.
• Silver Sage Holdings Ltd. contributed approximately $1 million in the form of cash/land equity and mortgage financing.
• The Government of Canada is currently rolling out its National Housing Strategy (NHS), an ambitious 10-year, $40 billion plan that will create 100,000 new housing units and lift 530,000 families out of housing need, as well as repair and renew more than 300,000 housing units and reduce chronic homelessness by 50 per cent.
• This investment supports Saskatchewan's Housing Strategy, Poverty Reduction Strategy and Mental Health and Addictions Action Plan goal of ensuring Saskatchewan people have affordable, safe, secure and stable housing.

Associated Links:

As Canada's authority on housing, CMHC contributes to the stability of the housing market and financial system, provides support for Canadians in housing need, and offers unbiased housing research and advice to all levels of Canadian government, consumers and the housing industry.  For more information, please visit cmhc.ca or follow us on Twitter, Instagram, YouTube, LinkedIn and Facebook.

To find out more about the National Housing Strategy, visit www.placetocallhome.ca.

In October 2012, the Government of Saskatchewan released the Saskatchewan Plan for Growth: Vision 2020 and Beyond, which sets out the Government's vision for a province of 1.2 million people by 2020.  The Plan identifies principles, goals and actions to ensure Saskatchewan is capturing the opportunities and meeting the challenges of a growing province.  Since 2007, the Government of Saskatchewan has invested more than $790 million to develop or repair more than 16,000 housing units across our province. To learn more, visit www.saskatchewan.ca.

SOURCE Canada Mortgage and Housing Corporation