SWIFT CURRENT, Saskatchewan, June 17, 2011 - David Anderson, Member of Parliament for Cypress Hills-Grasslands, on behalf of the Honourable Diane Finley, Minister of Human Resources and Skills Development and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC), along with the Honourable June Draude, Saskatchewan Minister of Social Services, today announced support for a local housing initiative for seniors.
Funding in the amount of $2.4 million has been made available for the initiative through Canada's Economic Action Plan, the federal government's plan to stimulate the economy and create jobs during the global recession. The federal and provincial governments are contributing equally to this overall investment of $132 million under the amended Canada-Saskatchewan Affordable Housing Program Agreement.
Canada's Economic Action Plan provides $400 million, over two years, to build new rental housing for low-income seniors. Overall, the Economic Action Plan includes $2 billion for the construction of new and the renovation of existing social housing, plus up to $2 billion in low-cost loans to municipalities for housing-related infrastructure.
“I am delighted to see construction continuing on this project, which was made possible through Canada's Economic Action Plan," said Anderson. "When complete, this development will provide quality, affordable living for more seniors, allowing them to remain in the community they know and love."
"This project will provide a safe place for seniors to live, with access to supports and recreation opportunities in Swift Current and the surrounding area," Premier Brad Wall said. "Just as growth is a means to an end for our province, so too is a stable place to call home for every one of our citizens. This project is another expression of the Saskatchewan Advantage, which is our government's ongoing effort to make growth work for the people of this province."