Government of Canada and province of Saskatchewan break ground on new affordable housing project in Prince Albert



    PRINCE ALBERT, SK, Aug. 25 /CNW/ - Work begins today on construction of a
new 26 unit housing complex in Prince Albert for low income families.
    "The Government of Canada is committed to making affordable housing
available in Saskatchewan and across Canada for those who need it most," said
Randy Hoback, Member of Parliament for Prince Albert, on behalf of the
Honourable Diane Finley, Minister of Human Resources and Skills Development
Canada and Minister Responsible for Canada Mortgage and Housing Corporation
(CMHC). "Through this investment we are stimulating the local economy and
creating jobs. We are also making an important difference in the lives of
individuals and families in Prince Albert who are working towards building a
stronger and better future for themselves."
    "This is another clear demonstration of how the Government of
Saskatchewan is working hard to make a better life for everyone in
Saskatchewan," Prince Albert Carlton MLA Darryl Hickie said. He was speaking
on behalf of the Honourable Donna Harpauer, Social Services Minister and
Minister Responsible for Saskatchewan Housing Corporation. "This is an
exciting development for Prince Albert citizens, and we are pleased to work
together with the federal government and other community partners to help
bring this project to fruition."
    The project will be built on two separate parcels of land-one featuring
an 18 unit row housing building, with two four-plexes at the other location.
The developer is Prince Albert Community Housing (PACH) Inc., a non-profit
corporation.
    The estimated total cost of the project is $4 million. PACH was approved
for $2.8 million under the Rental Development Program, which is funded under
the Canada - Saskatchewan Affordable Housing Program Agreement and is
cost-shared equally by the federal and provincial governments. The remaining
funds will be provided by PACH in the form of mortgage/investment financing
and owner's equity.
    In May, both levels of government officially signed an amendment to the
Canada - Saskatchewan Affordable Housing Program Agreement and an extension to
the Canada - Saskatchewan Housing Renovation Program Agreement, resulting in a
joint investment of more than $161 million over the next two years.





For further information:

For further information: Media Contact: Kimberlee Jones, Senior
Communications Consultant, CMHC, Tel: (403) 515-3048, kjones@cmhc.ca; Linda
Saliken, Saskatchewan Ministry of Social Services, Tel: (306) 787-0246,
linda.saliken@gov.sk.ca

Organization Profile

CANADA MORTGAGE AND HOUSING CORPORATION (CMHC), PRAIRIES REGION

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