saskatchewan housing corporation (shc)
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Saskatchewan Housing Corporation (SHC) . Affordable Homeownership at Different Scales presented to Canadian Housing and Renewal Association’s Annual Congress . Don Allen, President May 2, 2013 Ottawa. Affordable Homeownership. - PowerPoint PPT PresentationTRANSCRIPT
Saskatchewan Housing Corporation (SHC)
Affordable Homeownership at Different Scales presented to Canadian Housing and Renewal Association’s Annual Congress
Don Allen, PresidentMay 2, 2013
Ottawa
Affordable Homeownership
• Recognized as an important part of housing continuum in Saskatchewan’s Housing Strategy– Consulted with hundreds of
organizations and individuals– One of the common themes:
“One size does not fit all”
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Saskatchewan’s Home Ownership Approach
• Multiple programs each with different focus– Builders (e.g. HeadStart on a Home)– Owners (e.g. Secondary Suites for both
new construction and retrofit; Habitat for Humanity)
– Municipalities (e.g. Affordable Homeownership Program)
– All support new construction or conversion from non-residential to residential use
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Affordable Homeownership Program (AHOP)
• One program but not a one size fits all program
• Municipalities design the program that works for them– Province limits its financial
contribution based upon cost matching
– Province targets to incomes below a certain amount (currently $66,500)
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AHOP Examples of Different Municipal Designs• Discounted prices on municipally
owned land• One-time cash grants• Property tax abatements• Any of the above
• Provincial funding is a grant; no requirement to pay back.
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AHOP Results• Have committed $3.8 million in
provincial funding for 800 units• 7 communities have applied for and
been approved for funding• Saskatoon is the largest participating
community, was first with a program and has been the most active– 145 units completed so far
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Challenges with AHOP• Municipal capacity• Very helpful for municipalities already
moving in this direction• More challenging for those just
beginning on a new home owner program
• Some municipalities didn’t increase the benefit to the client
Conclusion• As part of 5 year housing plan,
including all homeownership programs since March 2011
• Have committed to 2,134 units as part of a 5 year plan– 586 are under construction– 458 have been completed of which
420 are occupied• Partnerships work, flexibility is key
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Thank you
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