New Affordable Housing for Seniors in Regina

REGINA, SASKATCHEWAN--(Marketwired - Dec. 18, 2015) - The Governments of Canada and Saskatchewan, and the City of Regina, along with community partners, today announced the official opening of a two-storey apartment building for seniors including 16 affordable and 10 market units. The 26-unit facility, called the Sun Lodge or the "pîsimokamik", was developed by Silver Sage Holdings Ltd. (Silver Sage).

The Honourable Ralph Goodale, Minister of Public Safety and Emergency Preparedness, on behalf of the Honourable Jean-Yves Duclos, Minister of Families, Children and Social Development and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC), along with the Honourable Donna Harpauer, Minister of Social Services and Minister Responsible for the Saskatchewan Housing Corporation, made the announcement today.

Quick facts:

• The federal and provincial governments, through Canada Mortgage and Housing Corporation (CMHC) and Saskatchewan Housing Corporation (SHC), jointly contributed $2 million under the Canada-Saskatchewan Investment in Affordable Housing Agreement to support the construction of 16 one-bedroom affordable housing units.
  
  
• The Silver Sage funded 10 two-bedroom units. They contributed more than $6 million in mortgage financing and cash and land equity to the entire 26-unit project.
  
  
• The City of Regina provided a $390,000 capital grant to the project.
  
  
• The Sun Lodge is an independent-living facility located at 3951 3^rd Avenue North in Regina.
  
  
• Silver Sage's mission is to provide and promote high quality affordable housing for First Nations people living in urban centres.
  
  

Quotes:

• "Congratulations to everyone involved with the Sun Lodge and to the residents who now call this place home. In the coming weeks and months, we look forward to working with Canadians, housing stakeholders and our partners in provinces, territories and municipalities as we work to restore the government's role in supporting affordable housing." - Honourable Ralph Goodale, Minister of Public Safety and Emergency Preparedness, on behalf of the Honourable Jean-Yves Duclos, Minister of Families, Children and Social Development and Minister Responsible for Canada Mortgage and Housing Corporation
  
  
• "We are pleased to partner on this project to provide safe housing to people who need it most. Providing housing for seniors is a priority for our government. That is why we are pleased that this project will provide 26 households with a quality home in a safe and healthy environment." Honourable Donna Harpauer, Minister of Social Services and Minister Responsible for Saskatchewan Housing Corporation
  
  
• "We are very aware that affordable housing continues to be an area of significant need in our community, especially for some of our seniors. I am extremely grateful that Silver Sage Housing is willing and able to put a project like this together, and I thank the provincial and federal governments for generously supporting this project."- His Worship Michael Fougere, Regina Mayor
  
  
• We as Indigenous people hold our Elders in high regard and have age-old customs of looking after the elderly in our community. Working together with all levels of government, we are proud to see the vision of pisimokamik become a reality. It is an achievement that honours the customs of our 15 First Nations, the community of Regina and our on-going Treaty relationship with all levels of government." - Edmund Bellegarde, Silver Sage Housing Corporation Chairperson
  
  

Associated links:

• Canada Mortgage and Housing Corporation has been Canada's authority on housing for close to 70 years. To find out more about how the Government of Canada and CMHC help Canadians meet their housing needs, visit www.cmhc.ca or call 1-800-668-2642.
  
  
• Since 2007, the Government of Saskatchewan has invested over $675 million to develop and repair more than 14,000 homes around the province.
  
  

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